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iShares Bitcoin Trust Newsroom
Blackrock CEO: If Bitcoin becomes an "international tool," the price is expected to reach 0.7 million dollars.
On Wednesday local time, Larry Fink, the CEO of Blackrock, the world's largest Asset Management company, praised Bitcoin as a tool to overcome economic and political uncertainty, predicting that if the world embraces this narrative, Bitcoin's price will rise to 0.7 million dollars. Fink stated in an interview during the World Economic Forum in Davos that Bitcoin can hedge concerns about currency devaluation and political instability. He said, "If you are afraid of your currency devaluing, or you are afraid of the economic or political stability of your country, you can have an international tool called Bitcoin that will overcome these local fears."
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Asia's stock markets were mixed, with the Nikkei reaching 40,000 points, the dollar slightly rising, and Bitcoin dropping by more than 1%.
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