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    BlackRock CEO Fink Predicts Bitcoin Could Reach $700,000 Amid Institutional Demand and Sovereign Wealth Fund Interest

    BlackRock CEO Fink Predicts Bitcoin Could Reach $700,000 Amid Institutional Demand and Sovereign Wealth Fund Interest

    10 postsMarketsCrypto

    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.

    Proposed Market

    Will BlackRock increase its Bitcoin holdings to over 600,000 BTC by December 31, 2025?

    Will BlackRock increase its Bitcoin holdings to over 600,000 BTC by December 31, 2025?

    3
    BitcoinLarry FinkFinkBlackRock

    Description

    BlackRock's publicly released financial statements or credible financial news sources

    Market Options

    Yes50%
    No50%