Blackrock could easily take the Bitcoin price to 773,000 dollar
8/11/2022, 06:11 AM
The analyst channel InvestAnswers has predicted that the partnership between BlackRock and Coinbase could lead to a huge increase in the price of Bitcoin. They claim that if BlackRock were to invest just 0.5% of its assets into Bitcoin, the market capitalization for Bitcoin would increase by $1.05 trillion, pushing the BTC price up to $98,000. This represents a 326% increase from the current price.
The InvestAnswers moderator explained to the 443,000 subscribers that the Bitcoin market capitalization could increase by at least one trillion dollars after a BlackRock investment. According to the analyst of the channel, this could cause the BTC price to reach $98,000 in the short term.
If BlackRock were to invest 1% of its assets in Bitcoin, the Bitcoin market capitalization would increase by $2.1 trillion. This would cause the BTC price to increase by about $150,000. Then the Bitcoin price, which is currently around $23,000, would reach around $173,000. This represents a 652% return from the current price.
According to the analyst, it is possible for the Bitcoin price to reach $773,000 if BlackRock invests 5% of its capital. Within the next 3 to 5 years, the capital necessary for this is expected to flow into the world's largest cryptocurrency.
While this prediction may seem far-fetched at the current BTC price of around $23,000, it is not outside the realm of possibility. With enough time and investment, the Bitcoin price could reach $773,000.
If, as analyst Dan Tapiero said, BlackRock invests 5%, which I think is very aggressive, the price target is realistic. Maybe in time, maybe in the next three to five years, it's possible. In this case, the price of Bitcoin would easily increase to $773,000 in the next three to five years.
The InvestAnswers moderator explained to the 443,000 subscribers that the Bitcoin market capitalization could increase by at least one trillion dollars after a BlackRock investment. According to the analyst of the channel, this could cause the BTC price to reach $98,000 in the short term.
If BlackRock were to invest 1% of its assets in Bitcoin, the Bitcoin market capitalization would increase by $2.1 trillion. This would cause the BTC price to increase by about $150,000. Then the Bitcoin price, which is currently around $23,000, would reach around $173,000. This represents a 652% return from the current price.
According to the analyst, it is possible for the Bitcoin price to reach $773,000 if BlackRock invests 5% of its capital. Within the next 3 to 5 years, the capital necessary for this is expected to flow into the world's largest cryptocurrency.
While this prediction may seem far-fetched at the current BTC price of around $23,000, it is not outside the realm of possibility. With enough time and investment, the Bitcoin price could reach $773,000.