Bitcoin (BTC) Can Reach $310,000 If This Happens: Willy Woo
Bitcoin could surge to unprecedented values if institutions invest at least 5% of their AUM...
- Cryptocurrency analyst Willy Woo speculates that Bitcoin could reach $310,000 per coin if institutional players allocate 5% of their assets under management (AUM) to Bitcoin.
- Woo explains that the timing of institutional investments would impact Bitcoin's price trajectory.
- In a bearish phase, Bitcoin could fall to around $128,000, but in a bullish case, it could surge to almost $400,000.
- Some skepticism arises regarding the assumption that institutions can easily allocate a percentage of their AUM to Bitcoin.
- Woo clarifies that asset allocation decisions are not solely determined by institutions and require approval from their investors.
The article discusses the potential price surge of Bitcoin if institutional players allocate 5% of their AUM to Bitcoin. The sentiment is generally positive, highlighting the possibility of Bitcoin reaching high values. However, skepticism arises regarding the ease of institutional allocation.