$BTC

MICA Daily｜BlackRock CEO Calls for Bottom Fishing, Bitcoin Rallies to $87,000

Investment potential rivaling gold! BlackRock CEO: Bitcoin itself is an asset class

According to Seeking Alpha, BlackRock CEO Larry Fink suggested investors buy on dips at the RBC Capital Markets Global Financial Institutions Conference, stating that the U.S. will experience an economic recovery later this year. Despite U.S. tariff policies causing market panic, he emphasized that "the global economic situation is good" and stressed that "if a significant correction occurs, investors should buy on dips," pointing out that both consumers and businesses are currently in a wait-and-see mode.

Larry Fink predicts that within the next two to three years, technological innovation (especially artificial intelligence) will bring significant deflationary effects, and he believes the U.S. economy will see substantial growth, with a long-term trend remaining quite positive. Furthermore, BlackRock's latest report indicates that Bitcoin's supply is highly inelastic; if every millionaire in the U.S. wants to hold one Bitcoin, the market supply will not meet the demand, leading to a subsequent rally of Bitcoin to $87,000.

In the past three days, Bitcoin's price has fluctuated significantly between $80,000 and $93,000, with market volatility beginning after Trump announced plans to create a multi-asset cryptocurrency strategic reserve including BTC, ETH, SOL, ADA, and XRP. This was followed by Trump's tariff policy officially taking effect on March 4, which triggered retaliatory tariffs from China, Mexico, and Canada, further deepening market concerns and retracting previous gains. Now, encouraged by the bottom-fishing remarks from BlackRock's CEO, the price is experiencing significant volatility.