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coinpedia 2025-01-22 16:16:39

BlackRock CEO Says Bitcoin Could Reach $700,000 Amid Economic Instability

BlackRock CEO Says Bitcoin Could Reach $700,000 Amid Economic Instability

The post BlackRock CEO Says Bitcoin Could Reach $700,000 Amid Economic Instability appeared first on Coinpedia Fintech News In a recent interview BlackRock CEO Larry Fink has said that Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability. JUST IN: $11.5 trillion BlackRock CEO Larry Fink says Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability. pic.twitter.com/WOXclAsjDP — Bitcoin Magazine (@BitcoinMagazine) January 22, 2025 The BlackRock CEO says that Bitcoin is a hedge against currency debasement and political instability and could hit $700,000. Besides he also revealed that Sovereign Wealth Funds are considering 2-5% allocations. “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” the BlackRock CEO noted.

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