Calamos CEO reiterates BTC long-term target, saying it could become a standard allocation in global portfolios

AT A GLANCE

Calamos CEO reiterated that Bitcoin could rise to 1000000 USD or more in the long term, but is uncertain whether it can reach that level within 2030 years.

Article

Calamos CEO Reiterating Bitcoin 1000000 USD target: expected to become a standard allocation in global portfolios

According to BlockBeats,October 10, president and CEO John Koudounis of asset manager Calamos Investments reiterated his long-term bullish view on Bitcoin, expecting BTC to eventually rise to 1000000 USD or more. Koudounis previously set this target at a Bitcoin event in Abu Dhabi, at the time estimating that it would be reached in 2030 years; he maintains this forecast today but said Bitcoin may not reach that level before 2030 years.

Koudounis believes blockchain will become an important part of the financial infrastructure of the future. Unlike traditional cross-border bank transfers, which may be delayed by weekends, the Bitcoin network operates around the clock year-round. He also noted that financial advisers globally manage approximately 146000000000000 USD in assets. As more banks accept Bitcoin and offer collateralized lending services, even allocating only a small portion of portfolios to BTC could generate significant additional demand.

Koudounis was once described as Wall Street’s youngest CEO, and now leads Calamos Investments, which manages approximately 50000000000 USD in client assets. The company also issues Bitcoin-related ETF and Bitcoin investment products with downside protection mechanisms. The above views are his personal market judgment and do not constitute a guarantee of the BTC price.

Original link https://m.theblockbeats.info/flash/371084

Key points

President and CEO John Koudounis of Calamos Investments reiterated his long-term bullish view on Bitcoin.
Koudounis expects Bitcoin to eventually rise to 1000000 USD or more, but said it may not reach that level within 2030 years.
Koudounis believes blockchain will become an important part of the financial infrastructure of the future.
He noted that financial advisers globally manage approximately 146000000000000 USD。
Calamos Investments manages approximately 50000000000 USD in client assets and issues Bitcoin-related ETF and Bitcoin investment products with downside protection mechanisms.
The above views are Koudounis’s personal market judgment and do not constitute a guarantee of the BTC price.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is a long-term price view, not a certain forecast. Its rationale is that Bitcoin operates around the clock and that portfolio allocations may increase if more banks provide related services.

Why it matters to readers

If banks and financial advisers expand Bitcoin-related services or allocations, this could create additional demand; however, the original text provides no data on actual fund flows or allocations.

Beginners should distinguish between a price target and factual data: 1000000 USD is a personal view and should not be regarded as a guarantee or a definite timetable.

Risks and unknowns

Whether Bitcoin can rise to 1000000 USD or more has not been verified.
Whether Bitcoin can reach that level within 2030 years remains uncertain.
The original text provides no data on banks expanding related services or on financial advisers’ actual allocations to Bitcoin.
Changes in the assets associated with Calamos’s ETF and investment products are not stated in the original text.

Calamos CEO reiterates BTC long-term target, saying it could become a standard allocation in global portfolios

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

Related concepts

Keep following

Security Center