Bitcoin Price Could Reach $428,000 with 1% Investment, Says Hedge Fund Manager

If just 1% of global investment funds were allocated to Bitcoin, its price could soar to $428,000, according to hedge fund manager James Lavish.

As Bitcoin's reputation as a major asset class grows, and with increasing institutional interest, the potential for substantial price rises looms large.

Explore the dynamics behind these predictions and the future of Bitcoin investment.

The Growth of Bitcoin as a Major Asset Class

On July 30, 2024, James Lavish, the fund manager of the "Bitcoin Opportunity Fund," stated that if 1% of global investment funds were allocated to Bitcoin, its price could rise to $428,000.

Over the past few years, Bitcoin (BTC) has grown to become one of the major asset classes known worldwide.

However, its current market share represents only 0.15% of global investment assets. Lavish explained that if this share were to increase to 1%, the price of 1 BTC would reach $428,000.

Future Inflows and Price Predictions

There have been numerous instances of Bitcoin price predictions based on future capital inflows. In a report released in February by the major asset management company "ARK Invest," the global investable assets were estimated at $250 trillion.

The report explained that if institutional investors worldwide allocated 19.4% of their portfolios to BTC, the price of BTC would reach $2.3 million.

In May, ARK Invest CEO Cathie Wood also raised her BTC price forecast, stating that if institutional investors allocated just over 5% of their portfolios to BTC, an additional $2.3 million would be added to previous predictions.

Bitcoin as Digital Gold

There are various other asset classes besides Bitcoin, such as gold, silver, stocks, bonds, real estate, and fiat currencies.

Bitcoin is highly valued as "digital gold" functioning as a store of value because its supply is limited to 21 million BTC and it is relatively easy to purchase.

Recently, institutional investment in Bitcoin has been expanding due to the emergence of Bitcoin spot ETFs.

Instances of national-level BTC investment strategies are also increasing, as exemplified by former President Donald Trump's indication to retain the US government's BTC holdings.

With the continued broad expansion of BTC investment, Bitcoin prices are expected to rise significantly.

>> Click here to read the article on price projections