BTC_for_Freedom on Nostr: Fidelity have talked about a 5% allocation to #bitcoin. If the other asset managers ...
Fidelity have talked about a 5% allocation to #bitcoin. If the other asset managers of the Spot ETFs do the same this can happen:
$17T AUM x 5% = $850B
Using the BofA Bull market multiple:
$850B x 118 = $100T in BTC market cap
$100T / 19.5M coins = $5.13M per BTC
Published at
2023-11-25 16:51:36Event JSON
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"content": "Fidelity have talked about a 5% allocation to #bitcoin. If the other asset managers of the Spot ETFs do the same this can happen:\n\n$17T AUM x 5% = $850B\n\nUsing the BofA Bull market multiple:\n\n$850B x 118 = $100T in BTC market cap\n\n$100T / 19.5M coins = $5.13M per BTC",
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