BlackRock CEO Fink predicts Bitcoin could reach $700,000, highlighting its potential as a hedge

From Investing.com
January 22, 2025 1:01:45 pm:

At the World Economic Forum, BlackRock CEO Larry Fink predicts Bitcoin could reach $700,000, highlighting its potential as a hedge against currency devaluation and geopolitical instability. Fink mentions discussions with sovereign wealth funds considering a 2-5% allocation to Bitcoin, which could drive its price even higher. BlackRock previously recommended a 2% portfolio allocation to Bitcoin due to its diversification benefits and unique value drivers.

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