Haha, I'm all for hopium but that number is ridiculous.
Anyway this is how they calculated it.
“If they add 5%, which is what Dan Tapiero says, I think it’s way too aggressive. Maybe over time, maybe in the next three to five years, that could be possible. That would take the price of Bitcoin to $773,000 in the next three to five years pretty easily.”
I absolutely share your feeling 773k being too strong of a hopium. And I don't believe it.
That being said, going by rationality, it's possible to reach 700k within the next 5 years:
Even if the multiplier of 21x is incorrect, or Blackrock is not allocating 5%, there is still much much more capital waiting worldwide.
Once humans start to get what Bitcoin is, almost everyone will want/need to have an allocation.
We just don't know when that will happen. It well
could be within the next 5 years.
Many people will probably start to allocate before they fully understand what Bitcoin is, simply because key figures who they follow do.
I think sometimes we might get too accustomed to the fact that so many people around us don't understand Bitcoin yet, and that we are still early.
That might leave us with a feeling that causes us to miscalculate the size of impact, when people finally catch on ...or to miscalculate how quickly it can happen, once worldwide FOMO begins. But things can escalate very quickly.