Road to 80K friends, I mentioned months ago that this year there are so many factors for the price to rise that a much more aggressive price action seems easy. Those who bought below 60K enjoy the ride. 🚀🚀
How much money must come in for bitcoin to reach 1 million dollars?
Well-known trader Willy Woo shared his opinion on his X-Twitter account.
According to his projections, an additional 5 trillion dollars of investment in bitcoin would be needed to reach this goal, that is, 1% of the world's wealth assets. Reaching that figure also requires growth in terms of adoption of the digital currency by institutional and small investors and a favorable macroeconomic context.
In fact, Woo himself emphasizes that he does not believe that this goal will be reached in this bullish cycle given the necessary capital. "It will take 5 trillion dollars to enter BTC," he says.
It seems to me that with everything he says in the entire post it is a real possibility with everything we have seen this year with institutional adoption (whether we like it or not).