Bitcoin is predicted to rise to $ 773,000 after the deal between BlackRock and Coinbase

Cryptocurrency analysts at InvestAnswers have found that the deal between BlackRock and Coinbase could trigger an explosion in the value of bitcoin, with the flagship cryptocurrency predicted to rise to $ 773,000.

As it became known, last week, Coinbase crypto exchange announced a partnership with BlackRock investment company to provide VIP clients with digital asset trading services.

According to InvestAnswers research, if BlackRock invests 0.5% of its assets in bitcoin, it will significantly affect the market capitalization, increasing the value of BTC to $ 98,000 (almost 400% compared to the token’s value at the time of writing — $ 24,120). However, this value is not the highest possible: if BlackRock invests 1% in BTC, its value will be $ 173,000; if 5% - $ 773,000.

«Over the next 3−5 years, BlackRock’s 5% investment in Cryptocurrencies will become quite realistic, which will easily raise the value of bitcoin to $ 773,000,» InvestAnswers emphasized.

Interestingly, while some analysts predict the value of BTC at $ 773,000, others share their own opinions on the disappointing future for the flagship cryptocurrency. Anthony Scaramucci, the founder of SkyBridge Capital, believes that BTC is expected to fall to $ 17,500. After such radically opposite forecasts, it will be difficult for the cryptocurrency community to take any expert opinions seriously.