ANALYSIS: If Institutions Allocate 3% of Bitcoin in Portfolios, Its Final Price May Exceed $700,000
Cryptocurrency analyst Willy Woo posted on X that if financial institutions continue to support the Bitcoin adoption curve, its price could eventually reach over $700,000, “Bitcoin, even in the early stages of the asset class, has a recommended allocation of 1-3% by Fidelity, and we've seen numbers as high as 85% by BlackRock. If we assume that 3% is a reasonable allocation, then the lower end of its valuation is $700,000.”
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