Bitcoin Surge to $700K? BlackRock CEO's HOLYSHIT Prediction!

In a recent interview, BlackRock CEO Larry Fink stated that global inflation is far from over, and the price of Bitcoin could potentially skyrocket to $700,000 in the future.

Fink mentioned that global investors currently believe high inflation has ended, which is premature. This increases the likelihood of Treasury yields rising alongside escalating prices. He warned, The biggest risk we face globally right now is the belief that we have already passed the peak of inflation. I do see a plausible scenario where inflation could rise in the future.

Fink views cryptocurrency as an excellent hedging tool and describes Bitcoin as a fear currency. He explained, If you are concerned about the devaluation of your national currency or worried about your country's economic or political stability, you can turn to Bitcoin as an international investment tool to overcome these localized fears.

Earlier this week, Fink engaged with a sovereign wealth fund that is considering allocating 2% to 5% of its assets to Bitcoin. Fink suggested that if more funds consider incorporating Bitcoin into their portfolios in this manner, the price of Bitcoin could significantly increase, potentially reaching $500,000, $600,000, or even $700,000.

However, Fink clarified that he is not promoting Bitcoin. Analysts have warned that cryptocurrencies are highly volatile, and even during bull markets, Bitcoin experiencing a 20% to 30% correction is not uncommon.

BlackRock's Significant Influence

Notably, with BlackRock managing $11.5 trillion in assets, Fink's words carry significant weight. BlackRock's deepening involvement in Bitcoin reached a milestone on January 21, 2025, when the firm purchased $662 million worth of Bitcoin for its ETF, marking its largest daily purchase so far this year.

BlackRock's iShares Bitcoin Trust (IBIT) surpassed the firm's iShares Gold Trust (IAU) in net assets in October 2024. This milestone was achieved just months after IBIT's launch in January 2024, highlighting the rapid growth and increasing investor interest in Bitcoin-focused exchange-traded funds.