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Bitcoin Price Could Hit $50K on Just 1% Institutional Allocation: Messari

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Bitcoin price has a likelihood of reaching near $50,000 if institutional investors allocate 1 percent of their portfolio to it.
Data aggregator portal Messari noted the possibility in its recent note to clients, citing a string of reasons that could make Bitcoin a trillion-dollar market.
Primary among them are risks associated with unprecedented monetary policies and declining trust in federal institutions.

Bitcoin may hit a $50,000-valudation should institutional investors allocate as little as 1 percent of their net portfolio worth into it, says Messari.
The New York-based crypto data aggregator wrote that in an “illustrative analysis,” published on Tuesday. It ...

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