BlackRock CEO: BTC is a hedge asset for global pessimism, institutional investment accelerates to target 700,000 dollars

Larry Fink, CEO of BlackRock, the world's largest asset management company, said on the 22nd that BTC is a safe-haven asset against currency depreciation and instability, and if institutions adopt continuous rise, BTC may soar to $700,000. (Synopsis: BlackRock's most successful ETF in history: IBIT raises $50 billion, BTC2025 challenges gold status) (Background supplement: BTC bull market pusher" BlackRock's global allocation fund BTC holdings increased more than 10 times in half a year) BlackRock CEO Larry Fink discussed the prospects of AI and cryptocurrency with Xiao Peng, CEO of AI company G42, at the World Economic Forum in Davos, Switzerland, on the 22nd, when the topic changed from AI When turning to cryptocurrency, Xiao Peng believes that cryptocurrency is an AI currency, and Larry Fink said that BTC is a safe haven against inflation and pessimism in the global situation: When I started researching cryptocurrency, it was very clear that it was a "fear currency", but this is not bad, if you are worried about the depreciation of your country's currency, or worried about economic and political instability. You can choose an internationalization tool called BTC that overcomes these endemic fears. Larry Fink expressed a similar sentiment last July, calling BTC an investment for those who are "afraid of the world." At the same time, Larry Fink also revealed that when he met with sovereign wealth fund managers in Switzerland earlier this week, they were evaluating whether to allocate 2% to 5% of assets to BTC: I am with a sovereign wealth fund this week, and this is our conversation: should we have a 2% allocation? Should we have a 5% configuration? If everyone adopts such a conversation, then each BTC will be $500,000, $600,000, $700,000. Of course, Larry Fink half-jokingly told the audience that his remarks were not propaganda for BTC. Earlier, Larry Fink was highly skeptical of BTC, and in 2017, he referred to BTC as "Money Laundering's index", indicating his concern about its association with illegal activities, BlackRock was largely negative about cryptocurrency at the time, following TradFi tools more. However, over time, BlackRock has become more closely associated with encryption assets such as BTC and Ethereum, launching related Spot ETF products that have attracted billions of dollars in inflows in the past year, and its BTCSpot ETF Assets Under Management has even surpassed its gold ETF. BlackRock also introduced BTC in December with a three-minute educational video, in which BlackRock argues that BTC is no longer seen as a radical idea 15 years ago, but is emerging as an alternative to global currency. It will take time to see how far its adoption will go. Related reports BlackRock releases 3-minute BTC popular science film: BTC is no longer a radical idea, it has become an emerging global currency alternative Less than a year BlackRock BTCETF scale has surpassed its gold fund, bank analysis next year institutional adoption will accelerate BlackRock: The global BTC strategic reserve race has begun, and no country can ignore BTC anymore BlackRock CEO: BTC is a safe-haven asset for global pessimism, and institutional investment accelerates up to $700,000This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".