Bitcoin (BTC) Can Reach $310,000 If This Happens: Willy Woo

U.Today
U.Today

29 Jun 2023 11:55 AM

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.

Go to publisher site

You May Ask

What is the estimated price of Bitcoin if institutions allocate 5% of their AUM to Bitcoin?How does the timing of institutional investments impact Bitcoin's price trajectory?What are the potential price levels for Bitcoin in a bearish and bullish phase?Why is there skepticism regarding the assumption of institutional allocation to Bitcoin?What factors influence asset allocation decisions for institutions?

Suggested Reads