2026-01-02 05:25:57

Recently, Larry Fink, CEO of BlackRock, made remarks that stirred the market. This industry giant, managing over $10 trillion in assets, bluntly stated: "Bitcoin will rise to $700,000, don’t be surprised."

Does that sound exaggerated? But you have to consider his position. It was BlackRock that launched the groundbreaking Bitcoin ETF product (IBIT), which now holds over $18 billion in Bitcoin. This is not just the wild guess of an analyst; it’s the market judgment of a seasoned leader.

Why does this statement carry such weight? Several aspects:

First, size itself is power. BlackRock’s scale is comparable to the third-largest economy in the world, and its actions are reshaping the asset landscape. Second, Fink himself has shifted from an initial skeptic to a staunch advocate, and this transformation sends a clear signal — from outsider to all-in. Moreover, the explosive growth of products like IBIT and continuous capital inflows prove that this is not just talk but real action.

When top traditional finance players no longer ask whether Bitcoin "can rise" but instead set an astronomical target, the game has entered a new stage. Institutions have long moved beyond testing; now they are pricing assets for the next decade.

What’s your view? Is $700,000 a pipe dream or a conservative figure?

BTC1.79%

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MEVHunterZhang

· 7h ago

Fink's recent remarks really hit the nail on the head. BlackRock is all in with so much, 700,000 is not a pipe dream... Institutional capital flow is the most honest price discoverer.

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ColdWalletGuardian

· 7h ago

Fink's words are not boastful; they are setting the tone for institutions. The 18 billion in holdings says everything—BlackRock has long been all in.

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OnchainHolmes

· 7h ago

Funk is really trying to lock everyone in the crypto circle at the psychological price of 700,000, very clever. With a 18 billion holdings, the influence is indeed different.

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PriceOracleFairy

· 7h ago

ngl fink's just front-running his own bags at this point... $700k is basically saying "we're already positioned, now get the retail crowd in" lmao. classic institutional pricing signal disguised as conviction 🤡

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GoldDiggerDuck

· 7h ago

Fink, this guy really dares to say it. A $18 billion position definitely carries weight, but as for the 700,000 figure... I feel like he's testing the market reaction. If you don't believe the hype, just look at the capital flow. IBIT's growth rate is indeed rapid, but don't forget that institutional entry is always driven by arbitrage opportunities. 700,000 is still a bit outrageous; I think 300,000 to 400,000 might be more realistic. Fink's shift from skepticism to all-in indicates that major institutions have long regarded Bitcoin as a genuine asset, and this is the most critical signal. Don't get carried away by the hype; real institutions are still quietly building positions. What they say and their actual holdings may not always match.

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