Connect with us

Hi, what are you looking for?

Bitcoin News

Institutional And Corporate Investments Could Drive Bitcoin Price To $ 500000

Institutional and corporate investments could drive the price of bitcoin to $ 500,000.

The calculation made by the firm Ark Invest suggests that even small purchases could have a large effect on the price of BTC

Bitcoin (BTC) could reach a price of USD 535,000 to the least if major corporations, institutions and investors make the 10% of its reserves of cash in the biggest cryptocurrency.

This is stated in the recent report by the firm Ark Inves t entitled “Bitcoin: preparing for the institutions” . The report also shows that even an allocation of 1% of the S&P 500 companies would be enough to raise the price of bitcoin above $ 40,000.

Since Bitcoin seems to gain more confidence, some companies are considering it as cash on their balance sheets.

This conclusion from the report comes at a time when institutional buyers continue to focus on Bitcoin as a long-term alternative to cash.

In terms of the longer-term impact that corporations could have on Bitcoin scarcity, Ark predicted that likely allocations would likely well exceed the 1% level:

“Based on daily returns across all asset classes over the past 10 years, our analysis suggests that allocations to bitcoin should range from 2.55% when volatility is minimized to 6.55% when returns are maximized, ” adding that ” based on ARK’s simulated portfolio allocations, allocations Institutional between 2.5% and 6.5% could affect the price of bitcoin and take it to a value between USD 200,000 and USD 500,000 “


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


You May Also Like


COVID, as a modern-day pandemic, has caused a lot of changes. It has redefined people’s roles, politics,  and habits. However, the pandemic has also...

Bitcoin News

Jim Harper, a famous Bitcoin investor, has prosecuted the United States Internal Revenue Service, its commissioner, and several other federal agents. He asserted that...

Industry Talk

The online medium offers a big platform to promote your business as compared to other mediums. Your products and services will reach to a...

Altcoin News

On Monday. July 13, Chain-link rally more than 34-percent to moves the level of $8.480 all-time high. As long as the price redress back...