RE: BlackRock/ Fidelity ETF Triggers A Massive $75 Trillion Bitcoin Price Prediction25 Mar 2024 11:58
With this institutional green light that the SEC has provided, kicking and screaming though it did, the analysis we've done is that if institutional investors were to allocate a little more than 5% of their portfolios to bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you," Wood said, referring to the U.S. Securities and Exchange Commission (SEC) waving through almost a dozen spot bitcoin ETFs in January.