- Blockrock’s proposed Bitcoin exposure is crucial to the future growth of cryptocurrency.
- According to BlackRock’s analysts, an optimal risk portfolio includes 84% of Bitcoin.
- Joe Burnett believes BlackRock’s analysis could become a game changer for Bitcoin.
Michael van de Poppe, a renowned Bitcoin trader, believes that Blockrock’s proposed Bitcoin exposure is crucial to the future growth of cryptocurrency. The trader referenced a report where analysts from BlackRock, an American multinational investment company based in New York, stated that an optimal risk portfolio includes 84% of Bitcoin.
Analysts at Blackrock state that an optimal risk portfolio includes 84% of #Bitcoin.Yet, you think we'll go to $12K.
I'll just buy more. pic.twitter.com/3oHRSwppiR
— Michaël van de Poppe (@CryptoMichNL) July 26, 2023
In a recent tweet, Van de Poppe questioned the opinion of those who think the flagship cryptocurrency’s price will drop to $12,000. He asserted if that becomes the case, he will buy more Bitcoins.
Similarly, Joe Burnett of Blockware, a Bitcoin solutions company, believes BlackRock’s analysis could become a game changer for Bitcoin. According t…
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The post How Far Can BlackRock’s 84% Bitcoin Bet Push the Price of BTC? appeared first on Coin Edition.