Bitcoin price has a likelihood of reaching near $50,000 if institutional investors allocate 1 percent of their portfolio to it. Data aggregator portal Messari noted the possibility in its recent note to clients, citing a string of reasons that could make Bitcoin a trillion-dollar market. Primary among them are risks associated with unprecedented monetary policies and declining trust in federal institutions. Bitcoin may hit a $50,000-valudation should institutional investors allocate as little as 1 percent […]
