Bitcoin's worth could escalate to an astounding $10 million, claims Michael Saylor, while financial advisors remain in the dark about its potential.
Rewritten Article
Bitcoin's popularity surge continues to be a struggle for retail investors due to financial institutions' reluctance to accept this cryptocurrency. According to Michael Saylor, institutional hesitation prevents widespread Bitcoin access, causing its price to soar towards astronomical figures when advisors deem it safe. Let's take a closer look at the current market landscape and predict its future impacts.
Hurdles in Bitcoin ETF Adoption on Leading U.S. Platforms
Top wealth management US platforms, such as Charles Schwab, Morgan Stanley, and Fidelity, show little enthusiasm for offering Bitcoin ETF exposure to their clients. Despite their monetary might and trillion-dollar funds, they maintain barriers that keep Bitcoin out of reach for their clients.
Bitcoin's volatile price movements and murky regulations are primarily responsible for these institutions' hesitation to support Bitcoin exposure for their clients. MicroStrategy's $1 billion Bitcoin investment, led by Saylor, hasn't convinced top financial institutions to follow suit due to concerns about market volatility. J.P. Morgan and Vanguard have stayed clear of Bitcoin exposure, leaving retail investors on the sidelines.
Fidelity and Morgan Stanley have started to offer limited Bitcoin access but maintain tight usage restrictions. These financial behemoths are hesitant to fully embrace Bitcoin because they are still uncertain about the digital currency, even with substantial assets under management.
Will Financial Advisors Ever Embrace Bitcoin?
The market's $31 billion value remains inaccessible to Bitcoin via wealth management products. The slowly maturing crypto market and dragging institutional adoption offer fertile ground for the Bitcoin price to soar significantly. The financial recommendations of Bitcoin could make it an investment out of reach for the average individual.
Saylor predicts that any delayed move by these platforms to provide unfettered access to Bitcoin will boost its price, reaching unimaginable heights. He suggests, "By the time your financial adviser says it's safe to buy Bitcoin, it'll cost $1 million. When they say it's a good idea, it'll be $10 million."
Saylor leads MicroStrategy to keep adding Bitcoin to its balance sheet due to his understanding of Bitcoin's role as a long-term value store. Analysts expect MicroStrategy to report positive financial outcomes during its Q1 earnings conference, given it utilized nearly all resources from its $21 billion ATM offering this week.
Analysts note that Michael Saylor, MicroStrategy's Executive Chairman, "remains dedicated to rapidly expanding his company's BTC treasury with significant funds."
Michael Saylor's Vision and Its Potential Impact on Bitcoin Price
The Bitcoin price surpassed its 200-day Exponential Moving Average at $85,000 during the first part of the week, then climbed by 11.14% until Friday. The cryptocurrency price attempted to break its March peak of $95,000 but has remained close to this level over the following four trading sessions.
If Bitcoin surpasses $95,000 and maintains this price level during daily market sessions, it will drive its upward movement and test the daily resistance at $97,000. A price close above this level creates conditions for additional gains that might lead to testing psychological resistance at $100,000.
The daily RSI indicator maintains its value around 66, indicating upward market momentum with room before reaching overbought levels. Conversely, Bitcoin may suffer an extended price decline if it remains below the $95,000 resistance level and faces downward pressure, settling near the $90,000 psychological support point.
Enrichment Data added (13% of the total content): Major U.S. financial advisors and institutions, including the big four wirehouses (Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS), are predicted to offer unrestricted access to Bitcoin ETFs by the end of 2025. This prediction is based on increasing interest in cryptocurrency among institutional investors, accompanied by anticipated improvements in regulatory clarity and market infrastructure [1][2]. Bitwise CIO Matt Hougan forecasts that this integration will lead to record inflows into Bitcoin ETFs in 2025, indicating a significant step towards mainstream crypto adoption [1][5].
- The lack of Bitcoin ETF exposure from major US platforms, such as Charles Schwab, Morgan Stanley, and Fidelity, is largely due to the volatile nature of Bitcoin and unclear regulations.
- financial advisors and institutions, including the big four wirehouses (Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS), are anticipated to offer unrestricted access to Bitcoin ETFs by the end of 2025.
- Michael Saylor's prediction suggests that the price of Bitcoin could reach unimaginable heights if financial advisors fail to provide unfettered access to it.
- Analysts expect MicroStrategy to report positive financial outcomes during its Q1 earnings conference due to its large Bitcoin investments.
- Bitcoin's price may test the psychological resistance at $100,000 if it successfully surpasses $95,000 and maintains this level during daily market sessions.
- Bitwise CIO Matt Hougan forecasts that the integration of Bitcoin ETFs by major financial advisors and institutions in 2025 will lead to significant inflows, indicating a step towards mainstream crypto adoption.
