BlackRock CEO Larry Fink forecasts that Bitcoin's price might skyrocket to $700,000, contingent on sovereign wealth funds investing 2-5% of their portfolios into the cryptocurrency. During a discussion at the World Economic Forum in Davos, Fink detailed ongoing conversations with sovereign wealth fund managers regarding this potential allocation.
Such investments from these funds could significantly bolster Bitcoin's market position, reflecting growing institutional interest in cryptocurrency as a viable asset class.
