Bill Miller IV and Kraken Founder Say 1% of $60T Retirement Funds Could Boost Bitcoin by $30K, Market Is Very Early

Billionaire investor Bill Miller IV has stated that allocating just 1% of the $60 trillion held in global retirement accounts to Bitcoin could increase the cryptocurrency's price by $30,000. He described a 2% allocation as a conservative estimate and emphasized that the market is still in its early stages, with momentum building. Similarly, the founder of Kraken, speaking on Bloomberg, highlighted that "trillions and trillions" of dollars are expected to flow into Bitcoin, reinforcing the view that the adoption of Bitcoin by institutional retirement funds is at an early phase with significant potential for growth.