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Here’s How BlackRock Could Send Bitcoin to $1 Million, According to Adam Back

  • Adam Back believes that BlackRock's 2% Bitcoin allocation within diversified portfolios could drive the price of BTC to $1 million.
  • Limited supply and increasing institutional demand are viewed as key factors in potentially pushing Bitcoin's price to seven figures.
  • Bitcoin ETFs and growing interest from traditional finance institutions are contributing to the rise of institutional demand for BTC.
  • Experts like Michael Saylor also foresee mass adoption by money managers as inevitable, supporting long-term bullish forecasts for Bitcoin.

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