Reported 5 months ago
The article from The Motley Fool predicts that Bitcoin will reach $1 million due to the approval of spot Bitcoin exchange-traded funds (ETFs), simplifying the process for retail investors to add Bitcoin exposure to their portfolios. The article highlights the potential impact of institutional investors entering the market, estimating that with a 5% allocation, Bitcoin's market cap could soar to over $7 trillion, potentially pushing its price beyond $400,000. Additionally, the article discusses the game theory phenomenon, suggesting that institutional investors will strategically invest in Bitcoin to outperform their peers, further driving Bitcoin adoption and investment.
Source: YAHOO