Willy Woo has shared his perspective on Bitcoin potential to reach between $700,000 and $24 million based on global wealth allocation.
Regardless of this bearishness, Willy Woo, a prominent analyst in the crypto space, has recently shared his insights on BTC’s potential future valuation.Woo posited that the minimum potential valuation for Bitcoin could be around $700,000, while the maximum might soar as high as $24 million per BTC.that reaching the upper estimate would require an implausible scenario where all global wealth—amounting to approximately $500 trillion—is invested in Bitcoin.
Continuing his analysis, Woo touched upon realistic expectations for institutional investors’ involvement in Bitcoin. Woo leaned towards a 3% allocation as a more sensible figure, which could still drive Bitcoin’s price to the $700,000 mark if broadly adopted.He predicted that as adoption increases to between 16% and 50%, Bitcoin’s price could escalate to the levels he outlined, driven by increasing mainstream acceptance and investment.Recent fluctuations have seen a significant number of trader liquidations, with Bitcoin accounting for approximately $72.99 million of the total $255.
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