There is an increasing bullish sentiment surrounding Bitcoin (BTC) price as it’s being steered by positive foundations. Based on its overall outlook, top crypto analyst Willy Woo has shared a staggering new price target for the leading cryptocurrency. How Much Will Bitcoin Be Worth According to Woo? Willy Woo was tagged by a Twitter user, Lynn Brewer, seeking the analyst’s view on the impact of BlackRock, Fidelity, and major asset managers transferring 5% of their Assets Under Management (AUM) into Bitcoin. As a point of reference, BlackRock boasts over 9 trillion dollars in AUM, and just 1% of this amount equates to 90 billion dollars. If the stated AUMs were all taken into account, it could surpass the existing BTC assets on exchanges. In his response, Willy Woo calculated that if such an event were to occur, Bitcoin’s estimated price would be approximately $310,000. While it remains unclear what criteria […]
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