BlackRock and Coinbase Deal Could Trigger Bitcoin Burst to $773,000, According to InvestAnswers

דורך די דיילי האָדל - 1 יאָר צוריק - לייענען צייט: 2 מינוט
מאנטיק, 8 אויגוסט 2022 7:04

BlackRock and Coinbase Deal Could Trigger Bitcoin Burst to $773,000, According to InvestAnswers

A popular crypto analyst is breaking down how the partnership between two financial giants could trigger a Bitcoin (בטק) יקספּלאָוזשאַן צו $ 773,000.

לעצטע וואָך, יו. עס.-באזירט קריפּטאָ טיטאַן קאָינבאַסע מודיע אַז עס צוזאַמען מיט BlackRock, די ביגאַסט אַסעט פאַרוואַלטער אין דער וועלט, צו ברענגען קריפּטאָקוררענסי טריידינג צו רייַך קלייאַנץ.

In a new strategy session, the host of InvestAnswers tells his 443,000 YouTube subscribers that the partnership could boost Bitcoin’s market cap by a trillion dollars at the very least.

“If BlackRock puts 0.5% of their assets under management into Bitcoin using my multiplier which is 21x, that will impact the market cap by $1.05 trillion, which will add about $75,000 to Bitcoin’s price, taking it to $98,000, and an ROI (return on investment) from today’s price is 326%. This is very, very achievable…

Now if they allocate 1%, which of course will take time to get to that level, that would add about $2.1 trillion to the market cap, $150,000 to the price, and that would take the future price of Bitcoin to $173,000, which is a 652% gain from here. 

If they add 5%, which is what Dan Tapiero says, I think it’s way too aggressive. Maybe over time, maybe in the next three to five years, that could be possible. That would take the price of Bitcoin to $773,000 in the next three to five years pretty easily.”

The crypto strategist’s analysis was inspired by comments from 10T Holdings CEO Dan Tapiero. According to the prominent macro investor, the deal between BlackRock and Coinbase could propel Bitcoin העכער $250,000,

"טשאַרט וואָס האָט בלאַקקראַק יקסייטאַד וועגן שוטפעס מיט קאָינבאַסע!

No bigger a macro opportunity for BlackRock than acting to facilitate Bitcoin adoption. [A] 5% shift in BLK assets is $500 billion, greater than BTC value today. Catalyst for path to $250,000+ post BTC halving becoming clear.”

BlackRock דערווייַל האט $ 10 טריליאַן אין אַסעץ אונטער פאַרוואַלטונג.

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פעאַטורעד בילד: Shutterstock/Bryan Vectorartist/Natalia Siiatovskaia

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