The trillion-dollar asset manager Fidelity is laying out how Bitcoin (BTC) could reach a $1.3 billion market cap.
In a new report done in collaboration with top investors and thought leaders in the investment industry, Fidelity argues that Bitcoin’s market capitalization could skyrocket if it captures a fraction of the alternative investment market.
“If bitcoin were to capture 5% of the alternatives market as measured by CAIA, that would equate to an incremental $670 billion growth in its market size. If it were to capture 10%, that would expand its market size by $1.3 trillion.”
According to Fidelity, the alternative investment market – which includes real estate, infrastructure, private equity, hedge funds, natural resources, private debt, and commodities derivatives – has grown to $13.4 trillion to occupy 12% of the global investible market in 2018.
The asset management giant highlights that the Chartered Alternative Investment Analyst Association (CAIA) is projecting that alternatives will