Express

BlackRock CEO Sees Bitcoin Reaching $700K Amid Currency Concerns

Mary Liu

Summary: BlackRock CEO Larry Fink has suggested that Bitcoin could serve as a hedge against currency devaluation and instability, potentially reaching a value of up to $700,000.  In a recent interview at the World Economic Forum in Davos, Fink told Bloomberg Television that he had discussed with a sovereign wealth fund the possibility of allocating a ...

BlackRock CEO Larry Fink has suggested that Bitcoin could serve as a hedge against currency devaluation and instability, potentially reaching a value of up to $700,000. 

In a recent interview at the World Economic Forum in Davos, Fink told Bloomberg Television that he had discussed with a sovereign wealth fund the possibility of allocating a portion of their portfolio to Bitcoin. He indicated that widespread adoption of this strategy could propel Bitcoin's price to significantly higher levels.

Last Update:

Tags: ,
Link: BlackRock CEO Sees Bitcoin Reaching $700K Amid Currency Concerns   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 4 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 11 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 15 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 18 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 22 days ago

    • You need to login to comment.