Blackrock has issued an analysis of Bitcoin. Due to its view on global disorder, it believes that $600K Bitcoin is in the cards.
In this video I discuss what the company could be referring to and how this could impact things.
Here is a link to the article mentioned in the video:
https://www.newsbtc.com/news/bitcoin/blackrock-bitcoin-hedge-600000/
▶️ 3Speak
Quite right:
The reason BTC hits $600k will have nothing to do with "global disorder".
My theory is that these investment firms will realize that Bitcoin is superior in pretty much every way to real-estate and gold. In terms of an investment vehicle anyway, as real-estate and gold are still "superior" at being a physical product, and always will be.
Once this happens these hedge funds are going to absolutely unload their property in exchange for BTC.
I'm not sure if gold will crash as hard but we'll see.