River sees BTC rising as high as $840K on broader institutional adoption

U.S. Bitcoin financial services firm River said in a report that Bitcoin could rise to between $250,000 and $840,000 over the next three to five years if institutional adoption expands. River said only about 4% of the global population currently holds Bitcoin, while institutional investors that manage roughly half of global financial assets have begun allocating to BTC in earnest following the launch of U.S. spot Bitcoin ETFs in 2024. Among the top 30 U.S. registered investment advisers, 29 hold Bitcoin, but the median BTC allocation in portfolios remains around 0.1%, according to the report. River analyzed that if 20% to 40% of total investment portfolios add Bitcoin over the next three to five years and the average BTC weighting rises to 2% to 4%, between $1.3 trillion and $5.3 trillion could flow into BTC, implying a price range of $250,000 to $840,000.