I'm a bear on crypto. I am not a believer in the ‘bitcoin to a mil this year' group of acolytes.

The CEO of Bitcoin ETF giant BlackRock said that continued adoption of BTC could push the asset's price to a multiple of the current mark.

BlackRock, the world's largest asset management firm, reportedly purchased $600 million worth of Bitcoin on January 22. This marks its largest acquisition of the crypto this year.

Bitcoin (BTC) inches closer to the $110K level, many are keeping a close eye on its price movements. While Bitcoin continues to be the dominant player in the market, a newer cryptocurrency, Nebula Stride (NST), is making strides in the industry with a unique model that may capture attention.

BlackRock's Chief Executive Officer Larry Fink confirmed in an interview that he strongly believes in Bitcoin. He also predicted that the asset's underlying price could skyrocket to $700k shortly.

"Bitcoin is a speculative asset, an interesting speculative asset. I don't think there's a lot more to ask about this, though," Solomon said.

A closely followed analyst believes that digital assets still have more room to run to the upside despite calls that crypto may be in the midst of carving a cycle top.

At the onset of Miami Blockchain Week, coinciding with the three-day WAGMI conference, Bitcoin.com News engaged in a conversation on Wednesday with Moe Levin, the event's organizer, to glean perspectives on this year's gathering.

During a conversation with Bloomberg's Francine Lacqua at Bloomberg House in Davos, BlackRock CEO Larry Fink has suggested that the price of Bitcoin, the leading cryptocurrency by market cap, could potentially surge all the way to the $700,000 level.

Bitcoin (BTC) has been riding high, teasing new all-time highs (ATH) just after the inauguration of pro-crypto US President Donald Trump. However, Bitcoin's recent price action has raised concerns among traders and analysts, as the flagship cryptocurrency closed Monday in a shooting star candlestick pattern, a potential reversal signal.

BlackRock's CEO Larry Fink predicts Bitcoin price could hit $700,000 if sovereign wealth funds assign 2-5% of their portfolios to digital currency. During his World Economic Forum discussion in Davos Fink revealed talks with sovereign wealth fund managers about placing 2% to 5% of their money into Bitcoin.

BlackRock CEO Larry Fink has suggested that Bitcoin's price could surge to $700,000 if sovereign wealth funds allocate 2% to 5% of their portfolios to the cryptocurrency.

Cryptocurrency markets are trading lower on Wednesday as investors await Donald Trump's executive orders on crypto and his announcement regarding a strategic Bitcoin reserve. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $104,661.95 -2.3% Ethereum (CRYPTO: ETH) $3,266.86 -2% Solana (CRYPTO: SOL) $266.11 +5.4% XRP (CRYPTO: XRP) $3.24 +1.4% Dogecoin (CRYPTO: DOGE) $0.3614 -5.9% Shiba Inu (CRYPTO: SHIB) $0.00002042 -2.8% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 9.6% and daily active addresses up by 1.95%.

Goldman Sachs CEO David Solomon said Wednesday that he sees Bitcoin as a speculative asset rather than as a competitor to the U.S. dollar.

Bitcoin (BTC) is currently testing the critical $100,000 support level on January 21, after a turbulent few days following U.S. President Donald Trump's inauguration. While markets had anticipated that Trump's speech might include mention of cryptocurrencies, his failure to address Bitcoin or any digital asset policies left traders uncertain about future price direction.

Analysts believe US interest rates will not change, but Bitcoin price could benefit if the Federal Reserve mentions quantitative easing at the next FOMC.

Analysts believe US interest rates will not change, but Bitcoin price could benefit if the Federal Reserve mentions quantitative easing at the next FOMC.

Recently pardoned Silk Road founder Ross Ulbricht might still have around 430 Bitcoin worth over $47 million across several wallets. According to blockchain researcher Conor Grogan, he has identified several wallets associated with Ulbricht holding the BTC.

California Democrat and political commentator Van Jones characterized the act of some people buying Bitcoin (CRYPTO: BTC) as a form of “prayer,” reflecting a hope for a better financial outcome amid economic uncertainty and frustration with governmental financial policies. “A lot of people are buying crypto as a prayer, as a prayer for a better tomorrow, as a hope that somehow something will go good for them,” he said on Sunday.

Coinbase director Conor Grogan says Bitcoin wallets left behind by Ross Ulbricht when he was imprisoned for his underground online marketplace Silk Road are still holding tens of millions of dollars worth of BTC. On Tuesday, U.S.

Bitcoin could rally higher if its break past $106k.

Larry Fink, CEO of BlackRock, has suggested that Bitcoin could reach $700,000 per coin, citing its growing role as a hedge against economic instability. His projection, sparked by a discussion with a sovereign wealth fund, highlights the increasing momentum of institutional adoption and its potential to reshape market dynamics.

Despite a rally in the US Dollar Index and cooler-than-expected Consumer Price Index data, inflationary fears persist.

Despite a rally in the US Dollar Index and cooler-than-expected Consumer Price Index data, inflationary fears persist.

Larry Fink, the head of the world's largest asset management firm, said today during an interview at Davos that there is one scenario in which Bitcoin could surge to as much as $700,000.

Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, appeared to have fallen short of expectations for massive upside momentum following pro-crypto Donald Trump's presidential inauguration. Currently, the overall market seems to be struggling, with a few cryptocurrencies witnessing price rallies while others appear to be moving sideways or consolidating.

Donald Trump's inaugural speech caught many crypto enthusiasts by surprise, as he did not mention cryptocurrencies or blockchain technology, despite earlier speculation. The absence of any reference to digital currencies has left the cryptocurrency market uneasy and uncertain about what the future holds under Trump's administration.

Bitcoin is consolidating between $100,000 and $109,588, and charts currently indicate a higher chance of an upside breakout.

During a recent interview with CNBC, David Solomon, chief executive officer at banking giant Goldman Sachs, opined that Bitcoin will not pose a threat to the U.S. dollar.

Bitcoin's price surge following President Donald Trump's inauguration, the market's mood has shifted dramatically. Bitcoin, which reached an all-time high near $110,000, has seen its gains dwindle, raising concerns about the potential for a price crash.

Bitcoin's price action points to an interesting price pattern that could see BTC reach $122,000 in a few weeks. 10x Research Projects 15% Climb for Bitcoin Bitcoin may rally by 15% in the coming days, potentially reaching $122,000 in February before entering a consolidation phase.

TL;DR Larry Fink, CEO of BlackRock, stated that Bitcoin could act as a safe haven against economic and political instability. Despite the recent drop in BTC, Fink highlighted its growing adoption and its potential role as an “international instrument” to overcome geopolitical risks. BTC could reach values ranging from $500,000 to $1,000,000 per unit.

The global investment management firm plans to launch two similar funds in February.

Market analysts believe Bitcoin could continue with its price consolidation phase in the coming months. However, the coin has the potential of moving downwards.

Look for the Bitcoin Bay's Pirate float in the Gasparilla Parade this year in Tampa Bay.

Coinbase's Conor Grogan identified 430 dormant BTC linked to Ross Ulbricht as the Silk Road founder received a full pardon from Trump.

As speculation about the possibility of Donald Trump developing a strategic Bitcoin reserve in the United States (US), one crypto pundit has laid out a compelling sequence of events they believe must occur before such a move becomes a reality.

While the Bitcoin price is hovering just below the old all-time high of December 17, US Senator Cynthia Lummis and Eric Trump reportedly convened at the Capitol yesterday to discuss the notion of creating an American Strategic Bitcoin Reserve (SBR). Bloomberg's Steven Dennis broke the news, while Swan, a crypto-focused platform, spotlighted Eric Trump's now-deleted retweet about the meeting.

In a recent conversation, the Goldman Sachs CEO, David Soloman has made a huge statement that has sparked excitement among crypto enthusiasts. “I am a big believer in the US dollar. Bitcoin is an interesting speculative asset. I don't see Bitcoin as a threat to the US dollar,” he said.

The Binance Bitcoin Funding Rates metric has emerged as a vital tool for analyzing Bitcoin's market trends. According to CryptoQuant's verified analyst Burak Kesmeci, examining funding rates during the 2020-2021 bull run reveals patterns that could guide today's market behavior.

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Fink speculated about what might happen if everyone sought to allocate 2% to 5% of their assets to bitcoin.

American real estate mogul Grant Cardone is creating new investment vehicles that mix real estate and bitcoin.

Goldman Sachs CEO David Solomon spoke at the World Economic Forum, stating that Bitcoin doesn't endanger the US dollar's stability or international role. During his World Economic Forum speech in Davos, Switzerland, Solomon called Bitcoin a “speculative asset worth monitoring” but stressed that US dollars keep driving global economic exchanges.

The FTX implosion may seem like a distant memory when Bitcoin (BTC) slumped to $15,000 lows in November 2022. The sentiment during that time was extreme fear, and the industry never imagined it would bounce back.

Bitcoin (BTC) hit a new all-time high in anticipation of Trump's inauguration and prioritization of crypto, however the event disappointed many traders. BTC has since corrected to $105,000 on Tuesday.

Goldman Sachs (NYSE:GS) CEO David Solomon on Wednesday downplayed the notion that Bitcoin (CRYPTO: BTC) poses any significant threat to the U.S. dollar's position as the world's reserve currency. In an interview with CNBC on Wednesday, he said, “I do not think Bitcoin is a threat to the U.S. dollar,” dismissing concerns raised amid renewed interest in digital assets.