How Will the Coinbase and BlackRock Partnership Affect the Price of Bitcoin? Is $773,000 Possible?

Last week, the famous US cryptocurrency exchange coinbase world’s largest investment company from blackrock There was news of a new partnership.

With this partnership, Blackrock provides direct investment to institutional investors. cryptocurrency able to offer the service.

Commenting on this partnership InvestAnswers channel reached 443,000 subscribers in the YouTube session of the Coinbase-Blackrock partnership. Bitcoin (BTC) He said it could increase its market value.

InvestAnswers, the partnership between giant names BTC’He argued that the company could increase its market value by at least a trillion dollars.

“If BlackRock puts 0.5% of its assets under management into Bitcoin, that would affect its market value by $1.05 trillion, which would increase the price of Bitcoin by about $75,000 and bring it to about $98,000.

It means a 326% increase from today’s price. This is a very achievable picture. However, it will take time for BTC to reach these levels.

If Blackrock allocates 1% of its assets to Bitcoin, that amount will increase the market value of BTC by approximately $2.1 trillion and its price by $150,000.

This raises the future price of Bitcoin to $ 173,000. That’s a 652% gain at today’s price.

As 10T Holdings CEO Dan Tapiero said, if Blackrock were to set aside 5% (which I think is a very aggressive move, and that’s possible over time, maybe in the next three to five years), the next three to five Within a year, the price of Bitcoin could rise quite easily to $773,000.”

10T Holdings CEO Dan Tapiero said the partnership between BlackRock and Coinbase bitcoinHe said he could raise the price of .

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!


source site-4