BlackRock CEO Reveals Sovereign Wealth Fund Bitcoin Talks—Predicts $14 Trillion As Dollar Collapse Fears Boost Price.

The bitcoin price surged to an all-time high on Monday but has dropped back alongside Trump’s new memecoin.

Now, as fears grow of U.S. dollar crisis at the Federal Reserve, BlackRock chief executive Larry Fink as revealed he’s had discussions with sovereign wealth funds about buying bitcoin and predicted such conversations could catapult the bitcoin price to $700,000 per bitcoin—which would give bitcoin a market capitalization of $14 trillion.

“If everyone adopted that conversation, it would be $500,000, $600,000, $700,000 per bitcoin,” Fink, who led the Wall Street rush into bitcoin and crypto last year via a fleet of spot bitcoin exchange-traded funds (ETFs).

Source: FORBES