Market capitalization data from reputable cryptocurrency exchanges and financial news outlets

BlackRock CEO Larry Fink Predicts Bitcoin Could Reach $49.6 Trillion Housing Market Size, Currently at $1.3 Trillion

Oct 14, 2024, 08:41 PM

Larry Fink, CEO of BlackRock, has made a bold prediction that Bitcoin (BTC) could grow to rival the U.S. housing market, which is valued at approximately $49.6 trillion. Currently, the market capitalization of Bitcoin stands at about $1.3 trillion. Fink's assertion suggests that if Bitcoin were to reach the size of the housing market, its price could soar to around $3 million per BTC. This projection has garnered attention in the cryptocurrency community, with many analysts noting the significant potential for Bitcoin's growth as an asset class. Fink emphasized that Bitcoin should be viewed independently of political figures, stating that neither Donald Trump nor Kamala Harris influences its price, reinforcing the notion of Bitcoin as a distinct asset class.