If Large Investors Put 1% on Bitcoin, What Would Its Price be?
Messari’s data shows Bitcoin would be @ $50K per BTC and its market cap to over $1 trillion
If large investors put 1% on Bitcoin, what would its price be?
“As Decrypt reported in May, billionaire Paul Tudor Jones recently revealed that he holds around 2% of his portfolio in Bitcoin. At the time, he encouraged institutional investors to consider BTC, explaining that he recognizes Bitcoin’s ‘potential in a period when we have the most unorthodox economic policies in modern history.’
Watkins decided to test this hypothetical scenario to see what it would do to the price of Bitcoin. He calculated that around $1 trillion is held by mutual funds, pension funds and others, and that if one percent of this was allocated to Bitcoin, it would bring another $480 billion into the market.”