Cryptocurrency analyst Willy Woo on Tuesday projected a Bitcoin (CRYPTO: BTC) price range of $220,000 to $600,000 within the next 3 to 5 years.
River’s Model Predicts This for BTC
Woo analyzed research by the Bitcoin-centric financial platform River, which estimated that BTC could reach $250,000–$840,000 if current adoption trends continue.
River’s model projected $1.3 trillion-$5.3 trillion in net inflows if 20%-40% of global portfolios allocate 2%-4% to Bitcoin.
The analysis assumed that over the next three to five years, Bitcoin’s market value would grow by $3 for every $1 of net inflows, implying $250,000 to $840,000 per BTC.
