Investing.com — Speaking to Bloomberg at the World Economic Forum in Davos, BlackRock (NYSE:) CEO Larry Fink said he believes could rise to $700,000.
Fink said he is a “big believer in the utilization” of Bitcoin as an instrument, explaining that those worried about the debasement of their currencies or the economic or political stability of their countries can have an “internationally based instrument called Bitcoin.”
It will “overcome those local fears,” he added.
He continued that when speaking with a sovereign wealth fund earlier in the week, the conversation centered on whether they should have a 2% or 5% allocation to Bitcoin.
“If everybody adopted that conversation, it would be $500,000, $600,000, $700,000 per Bitcoin,” declared Fink.
However, he clarified: “I am not promoting…
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