In a recent interview BlackRock CEO Larry Fink has said that Bitcoin could go up to $700,000 if there is more fear of currency debasement and economic instability.

The BlackRock CEO says that Bitcoin is a hedge against currency debasement and political instability and could hit $700,000. Besides he also revealed that Sovereign Wealth Funds are considering 2-5% allocations. 

“If you’re frightened about debasement or local political instability, you have an international instrument called Bitcoin to overcome those fears.” “We could see $500K, $600K, $700K per BTC” the BlackRock CEO noted. 

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