Market
Will Bitcoin reach $700,000 by December 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available cryptocurrency exchange data such as CoinMarketCap or Binance
Story
BlackRock CEO Fink Predicts Bitcoin Could Reach $700,000 Amid Institutional Demand and Sovereign Wealth Fund Interest
Jan 27, 2025, 07:06 AM
BlackRock CEO Larry Fink has expressed a strong belief in Bitcoin, suggesting that institutional demand could drive the cryptocurrency's price to as high as $700,000. Fink's comments reflect a shift in his perspective, moving from skepticism about Bitcoin's association with money laundering in 2017 to viewing it as a hedge against currency debasement and economic instability. BlackRock has reportedly increased its Bitcoin holdings to 572,330 BTC, representing a $59.87 billion position and 2.7% of the total Bitcoin supply. This accumulation by major financial institutions is seen as a signal of confidence in Bitcoin and could contribute to its scarcity and value increase. Discussions among sovereign wealth funds about potential allocations of 2%-5% to Bitcoin further underscore the growing institutional interest.
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