Billionaires Are Buying a BlackRock ETF That Wall Street Analysts Say May Soar 110% in 2025
In the fourth quarter, the hedge fund billionaires listed below added to their positions in the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund (ETF) from BlackRock that tracks the spot price of Bitcoin.Importantly, Gautam Chhugani at AllianceBernstein estimates Bitcoin will reach $200,000 in 2025. And Geoff Kendrick at Standard Chartered has set the cryptocurrency with the same target.Those forecasts imply 110% upside from its current price of $95,000. They also imply equivalent upside in the iShares Bitcoin Trust. Here's what investors need to know.Continue reading
In the fourth quarter, the hedge fund billionaires listed below added to their positions in the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund (ETF) from BlackRock that tracks the spot price of Bitcoin.
Importantly, Gautam Chhugani at AllianceBernstein estimates Bitcoin will reach $200,000 in 2025. And Geoff Kendrick at Standard Chartered has set the cryptocurrency with the same target.
Those forecasts imply 110% upside from its current price of $95,000. They also imply equivalent upside in the iShares Bitcoin Trust. Here's what investors need to know.
