Billionaires Are Buying a BlackRock ETF That Could Soar Up to 825%, According to Wall Street Experts

According to a growing number of Wall Street experts, Bitcoin (CRYPTO: BTC) could hit a price of $1 million within just five years. Given Bitcoin's current price of $108,000, that's an incredible 825% increase in price within a relatively short period of time.It's no wonder, then, that billionaire investors are buying Bitcoin in size. But they're not buying Bitcoin directly in the crypto market. Instead, they're investing via a BlackRock (NYSE: BLK) exchange-traded fund (ETF) -- the iShares Bitcoin Trust (NASDAQ: IBIT) -- that gives them direct exposure to the price of Bitcoin.Leading the way is British billionaire Alan Howard of Brevan Howard Capital Management LLC, which owns $2.3 billion worth of Bitcoin via the iShares Bitcoin Trust. That position now represents 25% of his fund's total portfolio, in what could turn out to be a stunning bet on the future of Bitcoin.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool