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%.”
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.
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