With appetites for BTC allocations firmly present, calculations suggest that even small buy-ins would have a dramatic effect on price action.
Bitcoin (BTC) could fetch at least a $535,000 price tag if corporate buyers convert 10% of their cash reserves to the largest cryptocurrency.
In one of the various conclusions from its latest report, "Bitcoin: Preparing for Institutions," investment firm ARK Invest said that even a 1% allocation from S&P 500 companies would be enough to increase BTC/USD spot prices by $40,000.
Minimum corporate BTC allocation: 2.55%
The findings come as institutional buyers continue to focus on Bitcoin as a long-term alternative to cash, with one transaction in particular drawing attention after $500 million left Coinbase.
"Based on search volumes compared to 2017, bitcoin’s price increase seems to be driven less by hype. Wit