Coinatory Publisher
The CEO of BlackRock predicts that Bitcoin will hit $700,000.
BlackRock CEO Larry Fink had a bold prediction for Bitcoin when he spoke at the World Economic Forum in Davos. He predicted that if sovereign wealth funds invested 2% to 5% of their portfolios in Bitcoin, the cryptocurrency might reach a price of $700,000.
“You have an international tool called Bitcoin to overcome those fears if you’re afraid of devaluation or local political instability,” Fink said. He estimated that the value of Bitcoin may vary from $500,000 to $700,000.
Fink did, however, temper his exuberance by cautioning about the volatility of Bitcoin, pointing out that it has a history of notable corrections even during periods of bull market confidence.
Bitcoin Purchased by BlackRock for $600 Million
According to Arkham Intelligence, BlackRock made a big move by allegedly buying $600 million worth of Bitcoin. With this buy, the company has increased its holdings in the iShares Bitcoin Trust to 559,262 BTC, or roughly $58.51 billion in value, making it its largest Bitcoin investment in 2025.
BlackRock’s increasing dedication to cryptocurrencies is reflected in the investment. The corporation currently allows direct investments in both Bitcoin and Ethereum after launching the iShares Bitcoin Trust and iShares Ethereum Trust in 2024.
As institutional adoption of cryptocurrencies picks up speed, these developments highlight BlackRock’s strategic positioning in the market.
