251: BITCOIN PRICE COULD HIT $50K ON JUST 1% INSTITUTIONAL ALLOCATION: MESSARI | Buy BTC On Every Block

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - June 24, 2020 14:24 - 17 minutes - 8.35 MB - ★★★★ - 537 ratings
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Bitcoin price may hit a $50,000 valuation should institutional investors allocate as little as 1 percent of their net portfolio worth into BTC, says Messari.

The New York-based crypto data aggregator wrote that in an “illustrative analysis,” published on Tuesday. It discussed a scenario wherein all the institutional investors, including pension funds, endowments & foundations, family offices, and hedge funds, have at least 1 percent exposure in Bitcoin.