Bitcoin could theoretically rise by 160%, IF this happens

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According to a recent research report by Bridgewater Associates, Bitcoin’s price could theoretically rise by at least 160% if allocations towards gold are diversified into Bitcoin instead.
Exploring a hypothetical scenario where investors move some portion of their gold holdings into the cryptocurrency, the Bridgewater analysts concluded that this would hike the price of the asset significantly.
Assuming that half of the combined market cap of Bitcoin and privately-held gold savings are allocated to Bitcoin (roughly $1.6 trillion), Bitcoin’s price would climb to $85,000, the report added.
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