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BlackRock’s Larry Fink says bitcoin could reach $700,000 if this happens - MarketWatch

1. Larry Fink suggests bitcoin could reach $700,000 with more fund allocations. 2. BlackRock's iShares Bitcoin Trust launched after Fink's shift toward crypto. 3. Fink emphasizes bitcoin as a hedge against currency debasement and instability.

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FAQ

Why Bullish?

Positive comments on bitcoin from Fink may attract institutional investors, influencing demand for BLK.

How important is it?

Larry Fink's shift in stance toward crypto investment could significantly influence BlackRock's strategy and market perception.

Why Long Term?

If institutional interest materializes, it could sustain elevated demand for bitcoin-related investments and BLK's services.

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