Analysis: If financial institutions continue to support the adoption curve of Bitcoin, its price could eventually exceed $700,000

ChainCatcher news, cryptocurrency analyst Willy Woo posted on X that if financial institutions continue to support the adoption curve of Bitcoin, its price could eventually reach over $700,000. "Bitcoin, even in the early stages of the asset class, Fidelity suggests an allocation of 1-3%, while we see BlackRock's figure at 85%. If we assume 3% is a reasonable allocation, then the lower bound of its valuation is $700,000."