BlackRock CEO Larry Fink has suggested that Bitcoin could reach a price of $700,000 if concerns about currency debasement and economic instability persist.

Fink laid out a scenario where Bitcoin jumps sixfold to hit $700,000 in a discussion about crypto in Davos Wednesday.

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.

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,

BlackRock CEO Larry Fink said Bitcoin will hit $700k, while Goldman Sachs CEO David Solomon said BTC is not a threat to the dollar.

If everybody adopted that conversation, it would be $500,000, $600,000, $700,000 for bitcoin’ — Larry Fink That’s Larry Fink, chief executive at BlackRock Inc., the world’s largest asset manager, who says that bitcoin could reach $700,