Editor's PiCK
BlackRock CEO "Bitcoin, a Tool to Overcome Economic Uncertainty…Expected to Reach Up to $700,000"
Doohyun Hwang
Summary
- Larry Fink, CEO of BlackRock, emphasized that Bitcoin is a tool to overcome global economic instability.
- He predicted that if countries and institutions allocate 2-5% of their portfolios to Bitcoin, its price could rise to as much as $700,000.
- He stated that Bitcoin can serve as a hedge against the devaluation of fiat currencies and political instability.
Larry Fink, the CEO of BlackRock, predicted that Bitcoin (BTC) could soar up to $700,000 depending on the global economic situation.
On the 22nd (local time), CEO Fink stated in an interview with Bloomberg, "Bitcoin can serve as a tool to hedge against the devaluation of fiat currencies and political instability," expressing this view.
He said, "You can have Bitcoin, a tool to overcome these fears," and added, "If countries and institutions start allocating 2-5% of their portfolios to Bitcoin, the price of Bitcoin could reach up to $700,000 per coin."
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
![[Market] Bitcoin steadies after 'wash shock'…reclaims the $79,000 level](https://media.bloomingbit.io/PROD/news/2d67445a-aa24-46b9-a72d-5d98b73b6aec.webp?w=250)
![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[New York Stock Market Briefing] Rebound on bargain hunting in blue chips…Apple jumps 4%](https://media.bloomingbit.io/PROD/news/3710ded9-1248-489c-ae01-8ba047cfb9a2.webp?w=250)