News09 August 2022

BlackRock will pump Bitcoin to $700,000 (maybe yes, maybe; maybe not; maybe pump; maybe dump)

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InvestAnswers channel made a bitcoin price prediction of several hundred thousand dollars… and it's not even a clickbait

Many people like to predict the price of Bitcoin; For many, it’s their favourite hobby. We often hear figures ranging from a couple of dollars per bitcoin to millions per satoshi. One channel has claimed a prediction of $773,000 per Bitcoin. This channel is not shilling and has a good reputation for now. 

The funniest thing, dear friend, is that the figure is not taken from the ceiling; the prediction is based on the actions of BlackRock. It is one of the largest investment exchanges in the world. So, the company has announced that it will offer bitcoin trading and storage services to institutional investors through Coinbase Prime.

Analyst InvestAnswers said that the partnership between the two financial giants could lead to a sharp rise in the price of bitcoin (BTC). According to the analyst, this partnership could push the price of BTC up to $773,000. The analyst said it would raise bitcoin's capitalisation by $ 1 trillion!

"If, as analyst Dan Tapiero said, they add 5%, which I think is very aggressive. Maybe it will be possible with time in the next three to five years. This case will easily push the price of Bitcoin to $773,000 in the next three to five years."

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