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,

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

BlackRock set a record for net inflows in 2024, with more than $600 billion.

Overseeing some $11.6 trillion, BlackRock is the world’s largest asset manager and houses around $700 billion managed for insurance companies. During the company’s third-quarter earnings call yesterday, Fink pointed to insurance as “one of the primary areas of growth for us.”

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,

The BlackRock veteran Mark Wiedman is planning his exit from the firm, shaking up the race to succeed CEO Larry Fink.

The strength of the US economy is making BlackRock Inc. Chief Executive Officer Larry Fink wonder if the Federal Reserve may have to resort to increasing interest rates later after easing in the short term.

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BlackRock CEO Larry Fink says the strength of the US economy may lead the Federal Reserve to hike interest rates later, after easing in the short term. "I see probabilities" of an increase at some point beyond the next 12 months or so,