Maindivider Newsdivider Bitcoin will rise to $400,000 thanks to investors

Bitcoin will rise to $400,000 thanks to investors

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calendar 27-05-2024

The Motley Fool emphasized that the approval of bitcoin ETFs in the US was an important milestone for bitcoin and increasing its appeal.


ETFs allow investors and large companies to buy bitcoin "bypass".


According to the Motley Fool, about 700 investment firms have invested about $5 billion in cryptocurrency ETFs.


According to Motley Fool calculations, if financial institutions invest approximately 5% of their assets in Bitcoin, the cryptocurrency market could exceed $7 trillion, which explains its projected price of $400,000.

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