The World Economic Forum (WEF) meeting 2025 in Davos Switzerland, which is taking place from 20-24 January 2025, is seeing industry leaders convene under the theme of “Collaboration for the Intelligent Age.”
In a video interview, Larry Fink, the CEO of BlackRock, the world’s largest asset management firm said, “If you’re frightened of the debasement of your currency, or of the economic or political stability of your country, you can have an internationally based instrument called Bitcoin that will overcome those local fears.”
“I am a big believer of utilisation of that as an instrument,” Fink said.
*BLACKROCK’S FINK: “If you’re frightened of the debasement of your currency, or… of the economic or political stability of your country, you can have an internationally based instrument called Bitcoin that will overcome those local fears.. [BTC] could be $500k, $600k, $700k…” pic.twitter.com/HxDLWnbYz6
— Alex Thorn (@intangiblecoins) January 22, 2025
Talking about increasing portfolio allocation to crypto, Fink said, “I was with a sovereign wealth fund during this week and that was the conversation — ‘should we have a 2% allocation, should we have a 5% allocation?’ — if everyone adopted that conversation, it would be $500,000, $600,000, $700,000 per Bitcoin,”
Having said that Fink clarified that he is not promoting anything.
Meanwhile, Binance CEO Richard Teng, another WEF 2025 participant said that he sees much clearer regulation in the US this year under the new Donald Trump administration. “If you look at past cycles, this year will be a year that we see a new all-time high for the crypto industry,” said Teng in an interview.
Explore: Bitcoin Hits New Record High! BTC Rises 6% To Surge Past $109,000
BTC Surged Past $109,000 Days Before WEF 2025
On 20 January 2025, Bitcoin reached an all-time high breaching the $109,000 and surpassing previous records set during its bull runs.
Analysts suggest that institutional investors and retail traders alike are contributing to Bitcoin’s surge, further solidifying it’s status as “digital gold.”
Moreover, Trump pledged to transform the US into the “crypto capital of the planet.” He also proposed creating a national reserve of Bitcoin. His administration is expected to reduce regulatory scrutiny on cryptocurrencies, which has been welcomed by industry players.
Furthermore, Bitcoin outperformed all major asset classes in 2024, delivering a staggering +121.5% annual return.
Bitcoin’s fourth halving in 2024 marked a pivotal moment in the cryptocurrency market, initiating its fourth bull cycle. However, the dynamics of this rally were shaped by unexpected macroeconomic and geopolitical events.
From the approval of US spot Bitcoin ETFs to central bank rate cuts and Donald Trump’s re-election, these factors propelled Bitcoin and the broader crypto market to new heights.
Explore: Bitcoin Outperformed Major Asset Classes In 2024, Specifically In Q4, CoinGecko Annual Report Finds
56% Financial Advisors Will Embrace Crypto In 2025, Bitwise, VettaFi Survey Finds
A recent survey conducted by Bitwise Asset Management and VettaFi highlights a significant shift in attitudes, with 56% of financial advisors expressing interest in investing in cryptocurrencies this year.
More interestingly, among advisors already allocating to crypto, 99% plan to maintain or increase their exposure in 2025.
“If you had any doubt that 2024 was a massive inflection point for crypto, this year’s Bitwise/VettaFi survey dispels it,” said Bitwise CIO Matt Hougan. “Advisors are awakening to crypto’s potential like never before, and they’re allocating like never before
Moreover, an overwhelming 96% of advisors reported receiving inquiries about cryptocurrencies from clients in the past year, marking an all-time high for client interest. Among advisors already allocating to crypto, 99% plan to maintain or increase their exposure in 2025. For advisors who have not yet invested in crypto, 19% are considering doing so this year—more than double the previous year’s figure of 8%.
Explore: How to Buy Bitcoin in 2025 – A Beginner’s Guide
The post WEF 2025: Blackrock CEO Says BTC Can Reach $700,000, Binance CEO Predicts All-Time High For Crypto Industry appeared first on 99Bitcoins.
