Billionaires Buy a BlackRock ETF That Can Soar Up to 172% in 2025, According to Wall Street Experts

Billionaires Ken Griffin and Steven Cohen rank among the 15 most successful hedge fund managers in history as measured by cumulative net gains, and both investors in the first quarter added to their positions in the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund (ETF) issued by BlackRock.Neither hedge fund has a particularly large stake, but their willingness to buy the fund as Bitcoin (CRYPTO: BTC) declined in the first quarter is still consequential. It shows financial institutions are far more comfortable owning the cryptocurrency than they were even a few years ago, and that bodes well for Bitcoin holders.Indeed, Bitcoin currently trades at $110,000, but several Wall Street experts still anticipate huge gains in 2025. Here are some of the most optimistic forecasts:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool