The post BlackRock CEO Says Bitcoin Could Reach $700,000 Amid Economic Instability appeared first on Coinpedia Fintech News
In a recent interview BlackRock CEO Larry Fink has said that Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability.
The BlackRock CEO says that Bitcoin is a hedge against currency debasement and political instability and could hit $700,000. Besides he also revealed that Sovereign Wealth Funds are considering 2-5% allocations.
“If you’re frightened about debasement or local political instability, you have an international instrument called Bitcoin to overcome those fears.” “We could see $500K, $600K, $700K per BTC” the BlackRock CEO noted.