Posted 4/1/2024, 7:06:41 AM
Bitcoin Poised for Major Institutional Investment as Crypto Goes Mainstream
- $100 trillion in global wealth is starting to allocate to Bitcoin and crypto, just 1% would mean $1 trillion inflows
- Launch of Bitcoin spot ETFs in January gave big investors first crypto access
- Bitcoin ETFs saw record $12B inflows in 3 months, but just a fraction of potential demand
- 2.5% Bitcoin allocation historically boosted portfolio returns, so 1% average allocation plausible
- Bitcoin currently trading at $69,367, down 2% in last 24 hours
