Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Rakin343 on January 28, 2021, 08:59:29 PM
-
Bitcoin’s (BTC) price could surge by at least $40,000 if institutional investors allocate just 1% of their funds in BTC, according to the annual research report published by ARK Investment Management yesterday.
The wait is over! #BigIdeas2021 - Download our annual report now! https://t.co/xaWOtP8m96
— ARK Invest (@ARKInvest) January 26, 2021
“According to our research, if all S&P 500 companies were to allocate 1% of their cash to bitcoin, its price could increase by approximately $40,000,” ARK’s researchers asserted.
If these companies went further and converted 10% of their cash to Bitcoin, its price could increase by $400,000 instead, putting it around $430,000, the report claimed. more info (https://cryptonews.net/457741/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)