Messari, a crypto analytics firm, estimates that the price of Bitcoin could reach $50,000 if institutional investors allocate just about 1% of their portfolio into the king coin.
In an written by Ryan Watkins, a research analyst at Messari, the market cap of Bitcoin could top $1 trillion with a hedge fund allocation of just 1%. He believes only institutions could make huge investments that would increase the market cap. According to him:
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