BlackRock CEO Predicts Bitcoin Will Rival $50 Trillion U.S. Housing Market

Oct 14, 2024, 06:46 PM

BlackRock CEO Larry Fink has made a bold prediction that Bitcoin will become as significant as the U.S. housing market. Currently, the U.S. housing market is valued at over $50 trillion, with some estimates at $49.6 trillion, while Bitcoin's market cap stands at $1.3 trillion. Fink's statement underscores a potential 38-fold increase in Bitcoin's market cap, with a potential of 2,500,000 BTC. He also mentioned that BlackRock is engaging in conversations with institutions worldwide about Bitcoin allocations.