Franklin

2024

Bitcoin

James

BlackRock

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<a href="https://x.com/jameslavish/status/1818278075878240717" rel="noopener noreferrer nofollow">James Lavish</a>, former hedge fund manager and CFA, has outlined the potential for Bitcoin's future value in his new post. And it is, according to his prediction, mind-boggling.&nbsp;
According to the expert, with global investable assets of around $900 trillion,&nbsp;<a href="https://u.today/xrp-decouples-from-bitcoin-in-epic-price-reversal-details" rel="noopener noreferrer nofollow">BTC</a> currently represents just 0.15% of that amount at a price of $67,000. If Bitcoin made up 1% of the global investment market, its value could soar to $428,000 per coin. Thus, Lavish's forecast implies a staggering 548% increase from the current price.&nbsp;
<blockquote>
 Good morning. There are approximately $900 trillion of investment assets in the world and at $67K, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is just .15% of that. At 1%, Bitcoin would be $428K. Have a great day.— James Lavish (@jameslavish) <a href="https://twitter.com/jameslavish/status/1818278075878240717?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 30, 2024</a>
</blockquote>
Well, in the meantime, the&nbsp;<a href="https://u.today/adam-back-issues-major-bitcoin-etf-prediction" rel="noopener noreferrer nofollow">Bitcoin</a> price recently encountered resistance around the $70,000 mark before falling to around $66,000. This recent drop resulted in a 5.6% decline in less than 48 hours.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="a89eab8c-fd71-4061-ac6b-589ac484b2b7" src="https://u.today/sites/default/files/inline-images/btc_586.png">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
The ambitious target proposed by the expert may seem far-fetched, but it is gaining some credibility thanks to the growing participation of large financial institutions, such as BlackRock and Franklin Templeton, in&nbsp;<a href="https://u.today/grayscale-bitcoin-trust-shares-plunge-as-outflows-continue" rel="noopener noreferrer nofollow">Bitcoin ETFs</a>.
The increased participation of the largest of the financial institutions is indicative of growing interest from both retail and whale investors, potentially pushing the value of BTC higher.
Such significant growth, however, will definitely not happen in a flash and will require no small amount of time and patience. In any case, this is exactly what the historical trends on the crypto market testify to.

Bitcoin to $428,000? James Lavish Says 1% Is Key

U_Today

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