Market
What will BlackRock's Bitcoin investment strategy be by the end of 2025?
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Resolution / Starting Odds
No Bitcoin investment • 25%
Direct Bitcoin investment • 25%
Bitcoin-related ETFs • 25%
Both direct and ETF investments • 25%
BlackRock's official fund documentation or public announcements
Story
BlackRock CEO Fink Predicts $700,000 Bitcoin with Potential 2-5% Sovereign Fund Allocation
Jan 22, 2025, 04:18 PM
BlackRock CEO Larry Fink, whose firm manages $11.5 trillion, speaking at the World Economic Forum in Davos, expressed that he is a "big believer" in Bitcoin, suggesting that the cryptocurrency could reach prices between $500,000 and $700,000. Fink highlighted Bitcoin as a hedge against currency debasement and political or economic instability, stating that it offers an internationally based instrument to overcome local fears. He mentioned that if sovereign wealth funds allocate 2-5% of their portfolios to Bitcoin, it could significantly boost its value.
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