Analysis: If institutions allocate 3% of their portfolio to Bitcoin, its final price may exceed $700,000

Odaily News Willy Woo, a cryptocurrency analyst, wrote on X that if financial institutions continue to support the Bitcoin adoption curve, assuming that their portfolios allocate 3% to Bitcoin, its price may eventually reach more than $700,000. "Bitcoin, even in the early stages of the asset class, Fidelity recommends an allocation of 1-3%, and we see BlackRock's number as high as 85%. If we assume that 3% is a reasonable allocation, then the lower limit of the valuation is $700,000."