Bitcoin, BlackRock and Sovereign Wealth Fund
BlackRock, Larry Fink and Bitcoin
BlackRock CEO Larry Fink has suggested that Bitcoin could reach a price of $700,000 if concerns about currency debasement and economic instability persist.
This plunge in the BTC price comes despite BlackRock CEO Larry Fink predicting Bitcoin could soar to $700,000 per coin, driven by small allocations of 2%- 5% from asset managers and amid fears of currency debasement.
BlackRock, the world’s largest asset management firm, reportedly purchased $600 million worth of Bitcoin on January 22. This marks its largest acquisition of the crypto this year. The recent BTC acquisition was spotted by blockchain analytics platform Arkham Intelligence.
Donald Trump’s recent cryptocurrency moves reveal a more substantial alignment with Ethereum’s ecosystem than Bitcoin, challenging the "Bitcoin President" label and
The CEO of Bitcoin ETF giant BlackRock said that continued adoption of BTC could push the asset's price to a multiple of the current mark.
BlackRock CEO Larry Fink shared his thoughts on Bitcoin's potential and global economic trends during an interview at the World Economic Forum.
BlackRock CEO Larry Fink touted Bitcoin as a tool for overcoming economic and political uncertainties on Wednesday, projecting it to rise to as much as $700,000 if the world catches up with this narrative.
Here's how much Bitcoin BlackRock purchased since the start of 2025 for its spot BTC exchange-traded fund, IBIT.
BlackRock’s Chief Executive Officer Larry Fink confirmed in an interview that he strongly believes in Bitcoin. He also predicted that the asset’s underlying price could skyrocket to $700k shortly.
Bitcoin ( BTC 1.30%) had a phenomenal year in 2024. The cryptocurrency returned 119%, easily outperforming the 23% gain in the S&P 500 (SNPINDEX: ^GSPC), which itself is commonly seen as a barometer for the overall U.S. stock market. In fact, only five stocks in the S&P 500 created more wealth than Bitcoin last year.