🚨 WALL STREET HEDGE FUND HEDGEYE JUST RAISED THEIR
#BITCOIN PRICE TARGET TO $1.12 MILLION 🤯
Keith McCullough, CEO of Hedgeye Risk Management says “We remain long of Bitcoin and have upped our price target to $1.12M.”
Hedgeye provides independent investment research and risk-management analysis to institutional investors, financial professionals and individual investors.
And McCullough isn't simply bullish on Bitcoin, he's staying long while raising his target to:
$1,120,000 PER BITCOIN 🚀
For perspective, a $1.12 million Bitcoin would imply a fully diluted network value of roughly $23.5 trillion based on Bitcoin's 21 million maximum supply.
In other words 👉 McCullough's target represents a scenario where Bitcoin grows into one of the largest monetary assets in the world.
This is his forecast, but the scale of the target says plenty about how some institutional market observers are thinking about Bitcoin's long-term monetary potential.
$1.12 MILLION BITCOIN. 👀
THE TARGETS K...