Cryptocurrency analyst predicts bitcoin’s growth to $ 310,000

Popular crypto analyst Willy Wu has expressed his opinion on the future value of the flagship cryptocurrency. According to Wu, bitcoin can reach a record high of $ 310,000.

The expert noted that this will be possible if large investment companies such as BlackRock and Fidelity allocate 5% of their assets to buy BTC $61,770.79 Bitcoin -0.85% Market capitalization $1.22 trillion VOL. 24 hours $0.51 billion . BlackRock currently manages more than $ 9 trillion.

It is still unclear what guided Willie Wu’s calculations, but his views correlate with the expectations of many experts. It is often said that BTC will reach $ 100,000 next year, which will be facilitated by halving.

Doubts still dominate on Wall Street, as not all institutions are ready to get involved in the cryptocurrency industry. This is largely due to the lack of a clear regulatory framework.

As for the near future of the BTC, Matrixport analysts have announced a new bullish phase for crypto investors, which is expected in July. Experts are convinced that it will result in even greater growth of bitcoin compared to June.

According to Matrixport forecasts, BTC will rise to $ 35,000 next month, but then roll back to $ 30,000. Within this range, the cryptocurrency will consolidate, and then it is expected to rise to $ 40,000. Experts believe that by the end of 2023, bitcoin should be trading at $ 45,000.