The president of the multi-billion dollar investment management group United Stated BlackRock “probably” agrees that Bitcoin has no value.

In one interview With CNBC, Larry Fink reached a preliminary agreement with JPMorgan CEO Jamie Dimon on October 13th on the real value of Bitcoin.

Fink: “I can’t say” whether BTC will rise to USD 80,000 or USD 0

Famous for his allusions to BTC over the years, Fink, who has repeatedly claimed that he’s not a fan of the biggest cryptocurrency, is still pleading for more people to invest in the space.

“I’m not a student of Bitcoin and where it’s going, so I can’t tell you whether it will go up to $ 80,000 or zero,” he told the network.

“But I believe that cryptocurrencies play a huge role and I believe that they will help consumers around the world – be it Bitcoin or something else or a variety of cryptocurrencies. The official government number, a digital dollar, is coming.” in the game. “

Fink speaks shortly after Dimon reiterated his skepticism about  and pointed out his lack of confidence in his finite offer.

The supporters reacted immediately to his comments, showing that mere ignorance can lead to questioning what is written in the code – and later shaped by more than 12 years of consensus – immutable.

“I have more conversations with people on the street about crypto than anything,” Fink continued.

“It’s amazing to see how people are so passionate about it that they show interest in whether it will be long, we’ll see like I said, I see opportunities. It’s a big meeting in a digital currency / blockchain -Currency.” and I think that’s where it will be – and that’s going to make some big winners and some big losers. “

Bitcoin has risen nearly 600% since the block subsidies halved in 2020 and outperformed macro assets in 2021.

BTC / USD versus gold. versus the chart of the S&P 500. Source: Ecoinometrics / Twitter

Bitcoin is waiting to surprise critics (BlackRock )

Bitcoin traded down from a five-month high on Wednesday in what analysts say will be the final retracement before retesting the all-time high of $ 64,500.

Related: Bitcoin search interest nearing 1-year low as BTC price drops below $ 55,000

For the future, the predictions are certainly still optimistic, with calls not only in the six-digit range, but over $ 300,000 in the coming months.

As Cointelegraph reported, the data shows that 2021 is increasingly repeating the features of the 2017 bull cycle, with only the last first phase remaining.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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