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 readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool