BlackRock CEO clarifies: BTC reaches $700,000 only if more funds increase their allocation to cryptocurrencies by 2% to 5%

avatar
ODAILY
01-23
This article is machine translated
Show original
Odaily reported that Larry Fink, the CEO of BlackRock, stated in a recent interview that Bitcoin could reach $700,000, but he clarified that this target could be achieved if more funds consider increasing their allocation to cryptocurrencies by 2% to 5%. During a panel discussion at the World Economic Forum in Davos, Larry Fink further pointed out: "The biggest risk we face today globally is the world believing we've already peaked on inflation, and if you're worried about currency devaluation, or you're afraid of the economic or political stability of your country, you can turn to something called Bitcoin, which is an internationalized tool that can overcome these local fears, by the way, I'm not promoting Bitcoin."(Morningstar)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments