BlackRock CEO Larry Fink recently shared his thoughts on Bitcoin’s potential and global economic trends during an interview at the World Economic Forum in Davos. Highlighting BTC as a hedge against currency instability, Fink suggested that the crypto could reach $700,000 per coin if certain conditions are met.
BlackRock CEO Spotlight’s Bitcoin’s Potential
Fink attributed this possible price surge to small allocations from asset managers, ranging between 2% and 5%. He explained the rationale, “If you’re frightened about the debasement of your currency or you’re frightened of the economic or political stability of your country, you can have an internationally based instrument called Bitcoin that will overcome those local fears.”
He emphasized his belief in Bitcoin’s utility, adding, “I’m a big believer in the utilization of that as an instrument.” Despite his positive remarks, Fink clarified that his comments were not an endorsement of BTC.
The BlackRock CEO also addressed his concerns about inflation, noting the potential for elevated levels in the coming year. He warned against assuming that inflationary pressures have already peaked, a sentiment reflecting uncertainty about global economic stability.
BREAKING: @BlackRock CEO SAYS “IF YOU’RE FRIGHTENED OF THE DEBASEMENT OF YOUR CURRENCY, OR… OF THE ECONOMIC OR POLITICAL STABILITY OF YOUR COUNTRY, YOU CAN HAVE AN INTERNATIONALLY BASED INSTRUMENT CALLED BITCOIN THAT WILL OVERCOME THOSE LOCAL FEARS”
— DEGEN NEWS (@DegenerateNews) January 22, 2025
Fink’s remarks come amid growing interest in digital assets as investors navigate the challenges of currency depreciation and geopolitical risks. His views provide insight into how traditional finance leaders are increasingly recognizing BTC’s potential role in diversified portfolios.
Recently, spot Bitcoin ETFs raked in over $802 million in inflows after President Donald Trump took the office on Monday, January 21. BlackRock led the charge, recording more than $600 million inflow alone.
Also Read: Bitcoin ETFs Record $802M Inflow After Trump Takes Office
Source: https://www.cryptonewsz.com/blackrock-ceo-bitcoin-save-economic-crisis/