CEOs make stunning Bitcoin price predictions, as cryptocurrencies arrive in Davos
- BlackRock CEO Larry Fink spoke in Davos about Bitcoin’s potential as a global hedge against currency declines, suggesting prices could reach $500,000-$700,000 if institutional adoption continues.
- Coinbase CEO Brian Armstrong envisions Bitcoin reaching “several million” in price, citing institutional interest, US ETFs and Trump’s proposed Bitcoin Strategic Reserve as key drivers.
- Binance CEO Richard Teng predicts a new all-time high for cryptocurrencies in 2025, mainly due to expected regulatory clarity under a potential Trump administration.
While much of the attention is on Donald Trump’s return to the White House and his signing of executive orders, the World Economic Forum in Davos got off to a quiet start.
Although encryption and Bitcoin Not usually a big topic at the World Economic Forum, you might imagine it’s at least a fringe topic of the event — especially in light of Trump’s Bitcoin reserve promise and his recent comments. memecoin foray.
Larry Fink doesn’t mind talking about Bitcoin
One of the first heavyweights that comes to mind when you think Bitcoin is pro, of course Black Rock CEO Larry Fink. Fink has been a staunch supporter of BTC and runs the largest exchange-traded fund Spot Bitcoin (European Training Foundation) In the world: iShares Bitcoin Trust ETF (IBIT) with 569,343 bitcoins under management.
Related to: Vitalik Buterin reasserts control over Ethereum Foundation, rejects calls for change
Speaking at Davos, Fink He said Bloomberg says he still believes in Bitcoin’s potential as a global hedging tool:
If you are afraid of the devaluation of your currency, or you are afraid of economic or political stability in your country, you can get an international instrument called Bitcoin that will overcome those local fears.
BlackRock CEO Larry Fink
The CEO of the world’s largest asset manager said that sometimes fund managers ask him how much bitcoin they should add to their portfolio. If everyone had this conversation, Fink says, Bitcoin would easily reach “$500,000, $600,000, $700,000…”
This is not a promotion, as Fink points out with a cheeky note:
By the way, I’m not promoting it, this is not my promotion.
BlackRock CEO Larry Fink
Kevin Farrelly, founder of Random Forest Capital, said the discussion was interesting because sovereign wealth funds no longer think about it if They should invest in BTC, rather How much?.
Coinbase and Binance executives weigh in
CEOs of the two largest cryptocurrency exchanges were also present in Davos, busy sharing their thoughts on cryptocurrencies.
Coinbase CEO Brian Armstrong He said CNBC said that Bitcoin could one day reach “several million,” adding that we are at the “dawn of a new day for cryptocurrencies.”
We’ve seen amazing growth and I think it hit an all-time high yesterday, so we feel good about that. I think that over time we will see Bitcoin reach the multi-million price range.
Coinbase CEO Brian Armstrong
His thesis is mainly based on the strong institutional interest, US spot Bitcoin ETFs and Donald Trump’s Strategic Bitcoin Reserve, which will likely cause FOMO among other countries, encouraging them to create their own BTC reserves.
Related to: Hester Peirce will lead a new SEC task force to fix Gensler’s legacy of regulatory confusion
Binance CEO Richard Teng He said During a fireside chat at the Davos event, cryptocurrencies will likely see a new all-time high in 2025, particularly due to increased regulatory clarity under Trump.
If you look at previous cycles, this year will be the year we see a new all-time high for the cryptocurrency industry.
Binance CEO Richard Teng
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