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.
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.
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