Market
What will be the value of BlackRock's Bitcoin holdings by the end of 2025?
3
Resolution / Starting Odds
$70 billion or more • 25%
$60 billion to $69.99 billion • 25%
$50 billion to $59.99 billion • 25%
Less than $50 billion • 25%
BlackRock's financial disclosures and reports
Story
BlackRock CEO Predicts Bitcoin Could Reach $700,000 Amid Economic Instability and Sovereign Wealth Fund Interest
Jan 22, 2025, 04:44 PM
BlackRock CEO Larry Fink has expressed optimism about Bitcoin's potential, suggesting at the World Economic Forum in Davos that the cryptocurrency could reach as high as $700,000 per Bitcoin. Fink highlighted Bitcoin as a hedge against currency debasement and political instability, stating that it serves as an 'internationally based instrument' to mitigate such concerns. He also mentioned ongoing discussions with sovereign wealth funds considering allocations of 2% to 5% of their portfolios to Bitcoin, which could significantly drive up its price if widely adopted. Fink noted that Bitcoin could potentially hit $500,000 or $600,000 as well. Despite his bullish outlook, Fink clarified that his comments should not be seen as a promotion of Bitcoin, acknowledging its volatility. Additionally, BlackRock has recently purchased $600 million worth of Bitcoin, with its iShares Bitcoin Trust now holding 559,262 BTC valued at approximately $58.51 billion.
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Similar markets
Increase by over 20% • 25%
Decrease by up to 20% • 25%
Decrease by over 20% • 25%
Increase by up to 20% • 25%
Bitcoin-related ETFs • 25%
Direct Bitcoin investment • 25%
Both direct and ETF investments • 25%
No Bitcoin investment • 25%
More than $150 billion • 25%
Less than $50 billion • 25%
$100 billion to $150 billion • 25%
$50 billion to $100 billion • 25%
No • 50%
Yes • 50%
More than 1.2 million • 25%
1 million to 1.1 million • 25%
1.1 million to 1.2 million • 25%
Less than 1 million • 25%
1% or less • 25%
1.6% to 2% • 25%
More than 2% • 25%
1.1% to 1.5% • 25%
1,200,000 BTC • 25%
1,500,000 BTC or more • 25%
1,400,000 BTC • 25%
1,300,000 BTC • 25%
Yes • 50%
No • 50%
More than 700,000 • 25%
600,000 - 650,000 • 25%
Less than 600,000 • 25%
650,001 - 700,000 • 25%
50% to 100% • 25%
Less than 50% • 25%
100% to 150% • 25%
More than 150% • 25%
