Larry Fink of BlackRock Predicts Bitcoin Could Rival $50 Trillion U.S. Housing Market

Oct 14, 2024, 06:40 PM

Larry Fink, CEO of BlackRock, has made a significant statement regarding Bitcoin, suggesting that it could become as large as the U.S. housing market. The U.S. housing market is valued at approximately $49.6 trillion, while Bitcoin's current market cap stands at $1.3 trillion. Fink emphasized that Bitcoin is an asset class in itself and can serve as an alternative to other commodities like gold. For reference, the U.S. housing market is north of $50 trillion.