Analysts Bitcoin He uses many indicators and gauges when trying to predict the price. At this point, popular analysts Willy Woo predicted that Bitcoin could reach $700,000.

Willy Woo, in his post from the X account, stated that Bitcoin could reach $700,000 with increasing institutional adoption.

Using the allocation ratio of global wealth assets in his estimate, Woo made two estimates, a minimum and a maximum, depending on how much of all global wealth assets exceeding $500 trillion will be allocated to BTC.

at this point The analyst claimed that according to “simple math,” the lower band for Bitcoin could be $700,000, while the upper band could be $24 million per BTC.

Woo said that $24 million “will not happen immediately” because for that level, all of the $500 trillion worth of wealth in the world would need to be invested in Bitcoin.

Accordingly, Woo is in Bitcoin He stated that a portfolio allocation of 3 percent is ideal and reasonable for now, and argued that a 3 percent allocation could push the BTC price to the $700,000 level.

“Even in the early stages of adoption, Fidelity is recommending a 1-3% allocation to Bitcoin, we have seen figures as high as 85% from BlackRock.

Assuming 3% here is a reasonable allocation for BTC, the lower bound of the price valuation is $700,000.”

Bitcoin Adoption Needs to Exceed 16 Percent!

Finally, Woo said that for Bitcoin to reach $700,000, both the global allocation needs to be 3 percent and the adoption curve needs to exceed 16 percent.

Woo noted that according to the Beninsenme S-curve chart, global BTC adoption has reached 4.7% so far, and when the Beninsenme S-curve enters the region between 16% and 50%, the price could reach $700,000 levels.

Although Bitcoin has only achieved 4.7% adoption globally to date, experts believe that the adoption rate could accelerate similarly to the internet, as institutional demand from spot Bitcoin ETFs could boost its price and adoption.

*This is not investment advice.

For exclusive news, analysis and on-chain data Telegram our group, Twitter our account and Youtube Follow our channel now! Also Android ve IOS Download our apps and start tracking live prices now!

Source: https://www.bitcoinsistemi.com/willy-woo-bitcoin-btc-icin-iki-fiyat-senaryosu-paylasti-700-bin-dolar-mumkun-dedi-nasil-ulasacagini-acikladi/



Leave a Reply