C4C | 1-25-25 AM: BlackRock’s Bitcoin Prediction

January 25, 2025

Larry Fink, CEO of BlackRock Inc., stated that Bitcoin’s price could soar to $700,000 if more funds allocate between 2% to 5% of their investments into the cryptocurrency. Despite previously being doubtful about digital assets, Fink is now a strong advocate for Bitcoin as a stable instrument against currency debasement and political or economic instability. 

BlackRock launched two exchange-traded funds last year, iShares Bitcoin Trust and iShares Ethereum Trust, which invest directly in Bitcoin and Ether. Fink’s comments were made during a panel at the World Economic Forum in Davos. Currently, Bitcoin is trading around $103,998, slightly down from its record high of $109,225. Although Fink is not explicitly promoting Bitcoin, he acknowledges its significant potential, cautioning about the high volatility typically associated with cryptocurrencies. 

Sponsored Content

A former CIA officer is breaking their silence about the looming threats of 2025. From digital currencies to grid vulnerabilities, America faces an unprecedented era of risk. Don’t be left in the dark—discover the actionable steps to secure your future. Click now to access this urgent guide!

Poll Of The Day

Do you believe Bitcoin will reach $700,000 in the next decade?

Login or Subscribe to participate in polls.

Fun Fact Of The Day

Governments around the world hold significant amounts of cryptocurrency, often seized during criminal investigations. For instance, the U.S. government is one of the largest holders of Bitcoin.