River's $840K Bitcoin Price Target Faces Scrutiny from Indian Crypto Expert
A recent model by River estimates that Bitcoin could reach $840,000 within five years under an aggressive institutional-allocation scenario. However, CoinDCX co-founder Sumit Gupta has challenged key assumptions behind this prediction.
River's analysis assumes that if 20%, 40% of investor portfolios adopt average Bitcoin allocations of 2%, 4%, it could lead to $1.3 trillion to $5.3 trillion in net inflows into the cryptocurrency market.
This would result in a valuation range of $5.5 trillion to $17.5 trillion, implying an upper-bound price of $840,000 per BTC, although Gupta questioned both the participation rate and allocation size.
The core issue is not whether more investors buy Bitcoin, but rather whether it becomes a standard portfolio position across professionally managed wealth. BlackRock considers 1%, 2% exposure reasonable for investors able to tolerate Bitcoin's volatility, offering a more conservative institutional benchmark.