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BlackRock And Coinbase Deal Could Trigger Bitcoin Burst To $773,000

August 8, 2022 - Around 2 mins mins to read
As CoinCu reported late last week, US-based crypto giant Coinbase announced that it has partnered with BlackRock, the largest asset manager in the world, to bring delivery cryptocurrency translation for wealthy clients.

The host of InvestAnswers tells his 443,000 YouTube viewers in a new strategy session that the cooperation may increase Bitcoin’s market valuation 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%.”

BlackRock And Coinbase Deal Could Trigger Bitcoin Burst To $773,000
Source: InvestAnswers/YouTube

The crypto strategist’s view was influenced by 10T Holdings CEO Dan Tapiero’s statements. The agreement between BlackRock and Coinbase, according to a famous macro investor, might send Bitcoin beyond $250,000.

BlackRock now manages assets worth $10 trillion. This cooperation is promised to explode the cryptocurrency market in the near future. BTC price has also bounced back to $24,000.

Screen Shot 2022 08 08 at 4.16.34 PM
BTC daily chart. Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

#Bitcoin

Blackrock

BTC

Coinbase

crypto

InvestAnswers

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Bitcoin

BlackRock And Coinbase Deal Could Trigger Bitcoin Burst To $773,000

As CoinCu reported late last week, US-based crypto giant Coinbase announced that it has partnered with BlackRock, the largest asset manager in the world, to bring delivery cryptocurrency translation for wealthy clients.

The host of InvestAnswers tells his 443,000 YouTube viewers in a new strategy session that the cooperation may increase Bitcoin’s market valuation 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%.”

BlackRock And Coinbase Deal Could Trigger Bitcoin Burst To $773,000
Source: InvestAnswers/YouTube

The crypto strategist’s view was influenced by 10T Holdings CEO Dan Tapiero’s statements. The agreement between BlackRock and Coinbase, according to a famous macro investor, might send Bitcoin beyond $250,000.

BlackRock now manages assets worth $10 trillion. This cooperation is promised to explode the cryptocurrency market in the near future. BTC price has also bounced back to $24,000.

Screen Shot 2022 08 08 at 4.16.34 PM
BTC daily chart. Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News