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.

.

.

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.

Recent Posts

$TRUMP Presale: The next ICO offering real-world utility and impact

Port Charlotte, United States, 2nd June 2024, Chainwire

4 hours ago

Velocore Hack Causes Users’ Liquidity Pools to Lose $10 Million

Linea Blockchain experienced a temporary block production halt during the Velocore hack, but operations have…

12 hours ago

Tether In Hong Kong Could Make A Comeback Amid Local Efforts To Attract Crypto Investment

Pierce, who initially co-founded Tether in Hong Kong a decade ago, expressed enthusiasm for the…

13 hours ago

FTX Shares In Anthropic Now Completely Sold Out As Final $450 Million Sale Completed

The remaining 15 million FTX shares in Anthropic have been sold for $450 million, with…

13 hours ago

Ethereum ETF Issuers Enter Race For Sponsor Fees With Franklin ETF Charges 0.19%

Despite regulatory hurdles and amendments by Ethereum ETF issuers, industry experts predict a June-end launch…

1 day ago

No New Matter Labs Trademark Applications Will Be Filed For ZK As Controversies Grow

Polygon Labs calls for legal cost coverage, opposing Matter Labs trademark application claims alongside other…

1 day ago

This website uses cookies.