The post BlackRock CEO Larry Fink predicts BTC could rise to $700k, says he is a “big believer” in Bitcoin appeared on BitcoinEthereumNews.com.

BlackRock’s Chief Executive Officer Larry Fink confirmed in an interview that he strongly believes in Bitcoin. He also predicted that the asset’s underlying price could skyrocket to $700k shortly. Bitcoin’s legitimacy as an investment vehicle is gaining momentum among institutional investors. Larry Fink, the Chief Executive Officer of the world’s largest asset management firm, BlackRock, revealed in an interview that he was a strong believer in Bitcoin.  BlackRock CEO Larry Fink says Bitcoin could overcome the uncertainty in fiat currencies Larry Fink explained that those frightened by the debasement of their local fiat currencies or uncertain about the political or economic stability of their respective countries should turn to Bitcoin. He said that the uncertain investors have an internationally based instrument (Bitcoin) that could aid them overcome their fears.  *BLACKROCK’S FINK: “If you’re frightened of the debasement of your currency, or… of the economic or political stability of your country, you can have an internationally based instrument called Bitcoin that will overcome those local fears.. [BTC] could be $500k, $600k, $700k…” pic.twitter.com/HxDLWnbYz6 — Alex Thorn (@intangiblecoins) January 22, 2025 At the same time, the CEO announced he was a big believer in Bitcoin’s utilization as an instrument and sees the asset as a proper hedge against “hope, securities or equities.” He also mentioned that he had been with a sovereign wealth fund this week and the main conversation revolved around the allocation of Bitcoin.  Fink revealed that the sovereign wealth funds are considering 2-5% allocations on the crypto asset. He explained that if everyone adopted that conversation, Bitcoin’s price could surge significantly. Fink predicted that Bitcoin could hit $700k. “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.” –Larry Fink Larry…

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Filed under: News - @ January 22, 2025 9:24 pm