According to the famous analyst, BlackRock’s agreement with Coinbase, which manages approximately 10 trillion dollars of funds, can bring the Bitcoin price to the level of 773 thousand dollars.
Last week the world’s largest wealth manager BlackRockto provide crypto money services to wealthy customers. coinbase The agreement with the company created a positive atmosphere in the crypto money community and the demand for investment from such a large market excited everyone. A famous Youtube analyst in his research on the subject, the assets managed by BlackRock 5%′a small percentage like 21x multiplier (budget-increasing multiplier effect) in the market volume in case of directing to cryptocurrencies trillions of dollars increase will happen and Bitcoin price 773 thousand dollars He claimed it would set a historic record.
If BlackRock diverts 0.50% of its controlled assets to cryptocurrencies with a 21x multiplier, this will create a market cap increase of approximately $1 trillion. In direct proportion to this increase in the market volume, the Bitcoin price will increase by approximately 75 thousand dollars and will be traded at a price of 98 thousand dollars. This price volatility seems very, very easily accessible.
The famous analyst continues the details of the potential rise that the BlackRock deal can create with the following explanations:
Although it is likely to take time, if BlackRock converts 1% of the funds it manages into cryptocurrencies with a 21x multiplier, it will mean a market cap increase of $2.1 trillion. Likewise, its effect on the Bitcoin price will become concrete with a 652% increase and bring the price to a level of 173 thousand dollars.
Also, after the announcement of BlackRock’s deal with Coinbase last week, Coinbase shares are up for hours. 45%had an increase of .
