In an interview, BlackRock CEO Larry Fink emphasized bitcoin as a hedge against currency depreciation and instability, and predicted that bitcoin could reach $500,000, $600,000, or even $700,000.
Larry Fink, BlackRock's chief executive, admits that he was once sceptical about Bitcoin, but he was wrong. He now says he "believes Bitcoin is a legitimate financial instrument."
BlackRock CEO Larry Fink said that we believe bitcoin is an asset class in its own right.