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BlackRock CEO Larry Fink Predicts Bitcoin Could Reach $700K with Sovereign Fund Support

Larry Fink, the CEO of BlackRock, predicts that if sovereign wealth funds allocate 2-5% of their assets into cryptocurrencies like Bitcoin, the digital currency could reach a value of $500,000 to $700,000. Fink believes that Bitcoin can help institutions protect their assets against national instability and weakening currencies. Sovereign wealth fund managers are reportedly discussing the inclusion of Bitcoin in their investment strategies. BlackRock has shown increasing support for cryptocurrencies, with the launch of its iShares Bitcoin Trust and iShares Ethereum Trust. If central investment funds follow Fink's model, Bitcoin could experience significant price increases.

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