BlackRock CEO Larry Fink Says Bitcoin Could Reach $700,000
According to $10 trillion asset manager BlackRock’s CEO Larry Fink, leading cryptocurrency Bitcoin (BTC) could reach $700,000 amid economic instability. In a Davos interview, the CEO praised Bitcoin as a reliable alternative in an economy plagued by fear and uncertainty. JUST IN: BlackRock CEO Larry Fink says he is a "big believer" in Bitcoin and predicts it could rise to $700,000. pic.twitter.com/AHDkfWr4gK — Watcher.Guru (@WatcherGuru) January 22, 2025 Fink says that Bitcoin is a hedge against currency debasement and political instability. He said that if sovereign wealth funds worldwide allocate just 2 to 5 percent to Bitcoin, its price could reach $700,000. “If you’re frightened about debasement or local political instability, you have an international instrument called Bitcoin to overcome those fears.” “We could see $500K, $600K, $700K per BTC” the BlackRock CEO noted. He also made sure to mention that he wasn’t “endorsing” Bitcoin, simply predicting its po...