Where Will Bitcoin Be in 3 Years?
The launch of the new spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) was a watershed moment in the history of crypto. Nearly 15 years after it originally launched, Bitcoin is now readily available to the average investor and could finally be on the cusp of going mainstream.
So what will happen with Bitcoin over the next three years? Let's take a closer look at the potential impact of the new spot Bitcoin ETFs.
As a result of the new spot Bitcoin ETFs, both retail and institutional investors will likely decide to allocate at least 1% of their portfolios to Bitcoin. That represents a sea change in thinking because, until recently, Wall Street did not view Bitcoin as a stand-alone asset class. But three years from now, most people will probably think of crypto the same way they think about other alternative asset classes, such as real estate or private equity. Bitcoin will simply be a way to diversify a portfolio and boost overall returns.
Source Fool.com
