Key Points
- BlackRock CEO Larry Fink suggests Bitcoin’s price could reach $700,000 if sovereign wealth funds invest 2-5% in it.
- BlackRock has reportedly purchased $600 million of Bitcoin and expanded its cryptocurrency offerings.
Larry Fink, CEO of BlackRock, has proposed that Bitcoin’s value could escalate to $700,000. This would be possible if sovereign wealth funds dedicated 2% to 5% of their portfolios to the cryptocurrency.
Fink made these remarks at the World Economic Forum in Davos. He identified Bitcoin (BTC) as a solution to concerns about currency debasement and political instability.
Bitcoin as a Hedge
Fink stated, “If you’re worried about debasement or local political instability, Bitcoin is an international instrument to overcome those fears.” He added that Bitcoin prices could potentially reach $500K, $600K, or $700K.
However, Fink clarified that he is not endorsing Bitcoin. He emphasized its volatility, noting that Bitcoin has seen significant price corrections, even during bull markets.
BlackRock’s Bitcoin Investment
In addition, Arkham Intelligence reported that BlackRock made its largest purchase of Bitcoin in 2025, acquiring $600 million worth. Currently, the BlackRock iShares Bitcoin Trust holds 559,262 BTC, which is approximately valued at $58.51 billion.
BlackRock has also broadened its cryptocurrency offerings. The company introduced its iShares Bitcoin Trust and iShares Ethereum (ETH) Trust last year. These initiatives allow direct investments in Bitcoin and Ethereum.
