Crypto News

The analyst: Bitcoin will easily reach $20,000 if banks invest 1% of their assets

This week us regulators gave the green light to the national banks for storage of cryptocurrency clients, and it speaks to the growing institutional interest in bitcoin.

Manager digital assets of the company Capriole Charles Edwards said that bitcoin probably will easily reach $20,000 if the American banks are investing at least 1% of its assets in the master cryptocurrency:

He also noted:

“One company in the NASDAQ (Grayscale) already owns 2% of the reserves of bitcoin. It is easy to understand how the matter”.

As we reported earlier, Grayscale is a giant among the keepers of bitcoins, and the payment company Square is buying most of the coins mined in 2020.

Now also difficult to argue that only one approval bitcoin ETF regulators can attract wide range of investors to the main cryptocurrency, positively affecting its price, since bitcoin is now interesting to all, but institutional investors are advancing on all fronts.

For example, the famous microinjector Paul Tudor Jones, said earlier that “holding a bitcoin” from 1% to 2% of the assets of the funds.


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