Bitcoin price could surpass $1 million in the next 18 months, here's how.

BlackRock did publish a research paper last year analyzing Bitcoin's potential role in portfolios.

The paper explored different theoretical frameworks for asset allocation.

Under one specific framework (Cumulative Prospect Theory), the study showed an 84.9% allocation to Bitcoin could be optimal in a specific scenario.

Bitcoin's contribution to BlackRock's total portfolio is less than 0.5%. I honestly believe BlackRock will increase bitcoin allocation to at least 25% in the next 18 months.

That would place its bitcoin holdings at $2.5 Trillion or more. If this happens, then we can expect BTC price to surpass $1 million dollars in the next 18 months.