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
. 
. 
. 
. 
. 
. 
Shop
Topic: Ark Invest Reveals What Could Push Bitcoin to $500,000 (Read 535 times)
Latest news: