BlackRock CEO: Inflationary pressures will continue to drive up asset prices such as bitcoin

According to Forbes, BlackRock CEO Larry Fink warned at the Saudi Future Investment Initiative Summit that the Federal Reserve's future interest rates will not be significantly reduced as expected by the market. It is expected that there will be only one 25 basis point interest rate cut, and inflationary pressures will continue to drive up asset prices such as bitcoin. Fink also pointed out that the net inflow of BlackRock's bitcoin ETF reached $872 million on the day, a new high for the year, benefiting from the central bank's loose policy and improved liquidity. Meanwhile, Anthony Scaramucci, founder of SkyBridge Capital, predicts that bitcoin will reach $170,000 by mid-2026, and the market value may reach $3.30 trillion.