BlackRock CEO outlines scenario for $700K BTC

BlackRock CEO outlines scenario for $700K BTC

In an interview with Bloomberg this week, Larry Fink, the CEO of asset manager BlackRock, explained what trends could someday lead BTC to reach a price of $700,000.

"If you're frightened of the debasement of your currency, or the economic or political stability of your country," Fink said, "you can have an international-based instrument called Bitcoin that can overcome those local fears."

If this perspective becomes more widespread and leads more nations and institutions to invest in crypto, "it would be $500,000, $600,000, $700,000 for Bitcoin," he said.