BlackRock CEO Predicts Bitcoin Could Surge to $700,000
BlackRock CEO Larry Fink has suggested that Bitcoin’s price could surge to $700,000 if sovereign wealth funds allocate 2% to 5% of their portfolios to the cryptocurrency. Speaking at the World Economic Forum in Davos, Fink highlighted Bitcoin (BTC) as a tool to address concerns about currency debasement and political instability.
“If you’re frightened about debasement or local political instability, you have an international instrument called Bitcoin to overcome those fears,” Fink said. He further stated, “We could see $500K, $600K, $700K per Bitcoin.” Despite his optimistic outlook, Fink clarified that he is not promoting Bitcoin, instead emphasizing its volatility. He noted that even during bull markets, Bitcoin has experienced significant price corrections.
New U.S. crypto policies could reshape the market and create fresh opportunities for investors. Additionally, Arkham Intelligence reported that BlackRock acquired $600 million worth of Bitcoin today, marking its largest purchase in 2025. Currently, BlackRock’s iShares Bitcoin Trust holds 559,262 BTC, valued at approximately $58.51 billion.
BLACKROCK IS BACK. THEY JUST BOUGHT $600 MILLION OF BITCOIN, THEIR LARGEST BUY SO FAR THIS YEAR. This is indicative of their continued commitment to the cryptocurrency market. In line with this, BlackRock has expanded its cryptocurrency offerings, launching its iShares Bitcoin Trust and iShares Ethereum Trust last year, enabling direct investments in Bitcoin and Ethereum (ETH), respectively.
Key Takeaways
- Bitcoin Surge Prediction: Fink believes Bitcoin could reach $700K with smart investments.
- Sovereign Wealth Fund Impact: Allocating 2% to 5% could influence Bitcoin's market value significantly.
- BlackRock's Investment: Recently acquired $600 million of Bitcoin, showing strong confidence in the market.
- Volatility Caution: Fink warns about Bitcoin's price corrections even during bullish trends.