#BlackRock CEO Bullish on Bitcoin#

BlackRock CEO Larry Fink has recently expressed his bullishness on Bitcoin on multiple occasions. He believes Bitcoin can serve as a hedge against currency devaluation and economic instability, predicting its price could reach $500,000, $600,000, or even $700,000. Fink points out that while the US dollar index has risen and the Consumer Price Index data has been below expectations, inflation concerns remain, and Bitcoin can effectively address this risk. He believes investors are too quick to conclude that high inflation is over, increasing the likelihood of bond yields rising with prices in the future, and emphasizing that the biggest risk facing the world is high inflation. Fink's view contradicts the sentiment expressed by market forces, and he believes that high inflation will continue to be a concern in the future. Notably, Goldman Sachs CEO Solomon has a different view on Bitcoin, arguing that it poses little threat to the dollar.