100 days ago • Posted by Charles-Henry Monchau

The price of Bitcoin according to a hypothetical allocation within global portfolios (according to Ark Invest)

Investment firm ARK Invest said in its latest report, "Bitcoin: Preparing for Institutions," that even a 1% allocation from S&P 500 companies would be enough to increase BTC/USD spot prices by $40,000. Their conclusion, as the chart below suggests, implies that Bitcoin could fetch at least a $535,000 price tag if corporate buyers convert 10% of their cash reserves to the largest cryptocurrency - source: CoinTelegraph 

Bitcoin price based on hypothetical asset allocation within global portfolios