#BlackRock 🚨 BlackRock's CEO Larry Fink warns of rising US inflation, citing upcoming tariffs and labor shortages that could drive prices up 10-15%. He suggests Bitcoin could be a hedge against currency debasement and economic instability. With institutional adoption on the rise, Fink speculates Bitcoin's price could reach $700,000. 📈💰

*Key Points:*

- *Inflation Warning*: Fink cautions that new tariffs could lead to significant inflation, slowing economic growth.

- *Bitcoin as a Hedge*: He highlights Bitcoin's potential as an "international instrument" to mitigate localized economic fears.

- *Potential Growth*: Fink predicts Bitcoin's price could surge if institutional adoption continues.

*Market Reaction:*

- Bitcoin's price reacted swiftly to Fink's comments, climbing 3.5% within hours.

- Crypto-related equities like Coinbase Global (COIN) and MicroStrategy (MSTR) saw gains.

- Trading volume for the BTC/USD pair surged by 28%, indicating heightened retail and institutional interest ¹.