Reported about 1 month ago
Larry Fink, the CEO of BlackRock, has changed his stance on Bitcoin, now viewing it as a unique asset class with vast potential. In a recent commentary, he compared Bitcoin's growth prospects to that of mortgage-backed securities, suggesting it could reach a market cap that would value Bitcoin at nearly $550,000 per coin, equating to a 720% increase from current prices. With BlackRock's significant involvement in Bitcoin through their iShares Bitcoin Trust, Fink reinforces that Bitcoin may soon become a global store of value amidst economic uncertainties.
Source: YAHOO