Reported about 1 month ago
Billionaires including Ken Griffin and David Shaw have begun investing in BlackRock's iShares Bitcoin Trust (NASDAQ: IBIT), which tracks Bitcoin's spot price. Despite their small shares relative to their portfolios, experts foresee Bitcoin's value skyrocketing, with predictions of a 73,000% increase by 2045. Institutional adoption is cited as a major driver for price appreciation due to the accessibility offered by spot Bitcoin ETFs, although investing in Bitcoin remains inherently risky.
Source: YAHOO