BlackRock CEO: Inflationary pressure will continue to drive up the prices of assets such as Bitcoin
According to Forbes, Larry Fink, CEO of BlackRock, warned at the Future Investment Initiative summit in Saudi Arabia that the Federal Reserve will not significantly lower interest rates as expected by the market in the future, and is expected to only lower rates by 25 basis points once. Inflation pressure will continue to drive up the prices of assets such as Bitcoin. Fink also pointed out that BlackRock's Bitcoin ETF had a net inflow of $872 million on the same day, reaching a new high for the year, benefiting from loose central bank policies and improved liquidity. At the same time, Anthony Scaramucci, founder of SkyBridge Capital, predicted that Bitcoin will reach $170,000 in mid-2026, with a market value of $3.3 trillion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial Listing] Bitget Will List Planck (PLANCK) in the Innovation, AI and DePIN Zone
Buy PLAI,Get 100% fee rebate in PLAI!
Bitget to support loan and margin functions for select assets in unified account
Bitget launches cross margin trading for BGB/USDT and BGB/USDC
