Larry Fink, BlackRock and Bitcoin at $700,000: What does this mean?
The CEO of the world's largest asset manager, Larry Fink, made a statement that shook the financial market: he believes that Bitcoin could reach $700,000. This coming from someone who, not long ago, criticized the cryptocurrency.
Fink highlighted three key factors:
1️⃣ Institutional interest: sovereign funds are already considering allocations of 2% to 5% in Bitcoin.
2️⃣ Protection against uncertainty: Bitcoin is seen as a "safety valve" against the devaluation of national currencies and economic instability.
3️⃣ Diversification: Fink now sees Bitcoin as comparable to gold, being essential in a diversified portfolio.
But be careful: he also warned about the high volatility of the cryptocurrency, which requires caution and knowledge.
🔍 If even BlackRock is looking at bitcoin, is it time for you to consider it too?