Just in : 🚨BlackRock CEO Larry Fink predicts BTC could rise to $700k🔥🔥🔥
The World's largest market cap company 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.
“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
This prediction is based on the idea that Bitcoin could become a hedge against economic and political instability, offering an internationally recognized instrument for investors seeking alternatives to protect against local currency geopolitical uncertainties.
Fink's comments suggest that Bitcoin's value could surge significantly if institutional investors, like sovereign wealth funds, start allocating a small portion of their portfolios to crypto.
It's also worth mentioning that BlackRock has launched its first-ever spot Bitcoin Exchange Traded Fund (ETF), which has seen significant growth, with over $60 billion in assets under management. This move indicates that BlackRock is taking a more serious approach to cryptocurrency.
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