River Model Predicts Bitcoin Price Surge to $250K-$840K

A new adoption model from research firm River suggests that Bitcoin's price could reach $250,000 to $840,000 in three to five years under a bullish scenario.

The model assumes that 20% to 40% of global portfolios will allocate 2% to 4% of their assets to Bitcoin, which would translate to $1.3 trillion to $5.3 trillion in new inflows into the market.

According to River's research, only about 4% of the global population owns any Bitcoin, and institutional investors hold even less, with investment advisers allocating just 0.008% of assets to the asset on average.

The firm notes that there is still room for adoption to grow, and if it reaches their assumed range, Bitcoin would shift from a niche holding to a common part of many portfolios.