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Here’s How BlackRock Could Send Bitcoin to $1 Million, According to Adam Back
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Here’s How BlackRock Could Send Bitcoin to $1 Million, According to Adam Back
Referring to BlackRock’s ongoing rollout of a 2% Bitcoin allocation within diversified portfolios, Back argues that such exposure—if adopted by […] The post Here’s How BlackRock Could Send Bitcoin to $1 Million, According to Adam Back appeared first on Coindoo.
Abstract: Arthur Hayes predicts that Bitcoin will reach $1 million by 2028 thanks to two major catalysts The massive devaluation of US Treasury bills will create a leak to alternative assets like Bitcoin Forced repatriation of foreign capital will fuel explosive demand for cryptocurrency European restrictive policies transform Bitcoin into a lifeline for investors The ECB's digital euro paradoxically accelerates the adoption of Bitcoin as a safe…
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