BlackRock CEO Larry Fink Says Bitcoin Could Reach $700k If This Happens

Quick Summary:

BlackRock’s CEO Larry Fink predicts Bitcoin price could hit $700,000 if sovereign wealth funds assign 2-5% of their portfolios to digital currency.

During his World Economic Forum discussion in Davos Fink revealed talks with sovereign wealth fund managers about placing 2% to 5% of their money into Bitcoin.

Cryptocurrencies are known for their volatility, with Bitcoin experiencing sharp pullbacks even during market uptrends.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: India

Topics: Bitcoin 24/7 Cryptocurrency News Blackrock Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 20:27:57 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25347294

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 22 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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