Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens

Quick Summary:

He also mentioned what needs to happen for the flagship crypto to reach such an ambitious price target.  How Bitcoin Could Rise To $428,000 Lavish mentioned in an X (formerly Twitter) post that Bitcoin would rise to $428,000 when it becomes 1% of the $900 trillion investment assets worldwide.

Such an inflow of new money would undoubtedly spark a massive rally for the flagship crypto, seeing how much valuable assets like gold are currently worth, thanks to their liquidity.  Interestingly, crypto pundit and Bitcoin maximalist Mark Harvey had previously shared a similar view to Lavish’s.

Thanks to these investment funds, Bitcoin now has the attention of more institutional investors, who are becoming more inclined to the flagship crypto.  Related Reading: Institutional Investors Show Interest In Cardano, Triggering 300% Surge Bitcoin will continue to enjoy an impressive liquidity flow into its ecosystem as more institutional investors become bullish.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomAustraliaEl SalvadorHong KongMaliUnited States

Topics: BTCUSDT Bitcoin BTC news Bitcoin news Bitcoin price Bitcoin Btc price Btc Btcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 00:02:16 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 512 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21879282

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 15 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions