Billionaires Are Buying a BlackRock ETF That Could Soar Up to 800%, According to Wall Street Experts

Group 1 - The rise of Bitcoin has led billionaire investors, particularly hedge fund managers, to invest significantly in it, with BlackRock's iShares Bitcoin Trust being a preferred vehicle for this investment [1][8] - Recent SEC 13F filings reveal the holdings and activities of these billionaires in Bitcoin [2] - Notable billionaires holding significant shares in the iShares Bitcoin Trust include Israel Englander (21.4 million shares), Alan Howard (37.5 million shares), Steven Schonfeld (5.66 million shares), Paul Tudor Jones (4.49 million shares), and Ken Griffin (1.65 million shares) [3][4] Group 2 - Billionaires are motivated to buy Bitcoin primarily due to its substantial upside potential, with projections suggesting it could reach $1 million by 2030, representing an 800% return from its current price of approximately $110,000 [5] - Another reason for the investment is Bitcoin's role as a portfolio diversifier and a hedge against macroeconomic risks, with Paul Tudor Jones advocating for its value as a safe store of wealth [6] Group 3 - The iShares Bitcoin Trust is increasingly popular among hedge funds for gaining Bitcoin exposure, with allocations typically limited to 1% to 2% of their portfolios [8] - Despite the rapid accumulation of Bitcoin by some billionaires, most are not fully committed to it, with only a few, like Michael Saylor and Ricardo Salinas, being considered Bitcoin maximalists [9]