Bitcoin Price Prediction: As BlackRock CEO Larry Fink Predicts BTC Will Hit $700K, This No-KYC Wallet Token ICO Closes On $8M
The Bitcoin price has slumped 2% in the last 24 hours to trade at $102,628 as of 3:30 a.m. EST on a 20% drop in trading volume to $61 billion. This plunge in the BTC price comes despite BlackRock CEO Larry Fink predicting Bitcoin could soar to $700,000 per coin, driven by small allocations of 2%- 5% from asset managers and amid fears of currency debasement. 🚨JUST IN: $11.5 trillion BlackRock CEO Larry Fink says Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability. pic.twitter.com/V58UQHkEbU — Bark (@barkmeta) January 22, 2025 Fink described Bitcoin as an international instrument to counter economic or political instability concerns but clarified he was not promoting it. Fink also warned of persistent inflation risks over the next year, cautioning against assumptions that inflation has already peaked. Bitcoin Price Encounters A Slight Pullback The BTC/USDT price action on the 1-day timeframe indicates a strong bullis...