Fink laid out a scenario where Bitcoin jumps sixfold to hit $700,000 in a discussion about crypto in Davos Wednesday.
BlackRock CEO Larry Fink said Bitcoin will hit $700k, while Goldman Sachs CEO David Solomon said BTC is not a threat to the dollar.
Donald Trump’s most recent cryptocurrency moves reveal a more substantial alignment with Ethereum rather than Bitcoin.
This plunge in the BTC price comes despite BlackRock CEO Larry Fink predicting Bitcoin could soar to $700,000 per coin, driven by small allocations of 2%- 5% from asset managers and amid fears of currency debasement.
Larry Fink, CEO of BlackRock, has suggested that Bitcoin could reach $700,000 per coin, citing its growing role as a hedge against economic instability. His projection, sparked by a discussion with a sovereign wealth fund,
The CEO of Bitcoin ETF giant BlackRock said that continued adoption of BTC could push the asset's price to a multiple of the current mark.
BlackRock CEO Larry Fink predicts Bitcoin could hit $700K if sovereign wealth funds allocate 2%-5% of portfolios, boosting its valuation.
BlackRock CEO Larry Fink shared his thoughts on Bitcoin's potential and global economic trends during an interview at the World Economic Forum.
Bitcoin lost its bullish momentum because the new United States president, Donald Trump, did not mention crypto in his inauguration speech.
BlackRock CEO Larry Fink urges the SEC to approve tokenized bonds and stocks, emphasizing benefits for institutions and investors.
This story incorporates reporting from Inside Bitcoins and Inside Bitcoins.