The World Economic Forum (WEF) meeting in 2025, held in Davos, Switzerland, from January 20 to 24, focused on the theme of “Collaboration for the Intelligent Age.” Important figures in the cryptocurrency sphere discussed their projections for Bitcoin’s future.
In a recent video interview, Larry Fink, CEO of BlackRock, stated, “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.” He expressed a strong belief in the utility of Bitcoin as a financial instrument.
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…”
— Alex Thorn (@intangiblecoins) January 22, 2025
Larry Fink went further, outlining discussions with a sovereign wealth fund regarding potential allocations to crypto assets, suggesting that if such conversations became more widespread, Bitcoin could achieve values between $500,000 and $700,000.
Richard Teng, CEO of Binance, contributed his perspective, noting clearer cryptocurrency regulations anticipated in the US under the new administration. Teng expressed confidence that this year could see new all-time highs for the crypto market.
Bitcoin Surges Past $109,000 Just Before WEF 2025
On January 20, 2025, Bitcoin surpassed the milestone of $109,000. Analysts attribute this surge to both institutional investments and increased retail trading, solidifying Bitcoin’s status as “digital gold.”
Moreover, 2024 saw Trump declare intentions to position the US as the global leader in cryptocurrency regulation, potentially easing many restrictions that could favor market growth.
Financial Professionals Are Embracing Cryptocurrency
A survey from Bitwise Asset Management highlighted that 56% of financial advisors are now expressing interest in investing in cryptocurrency, indicating a major trend towards greater acceptance in traditional finance circles.
In summary, both Fink and Teng’s comments reflect a growing optimism about cryptocurrency’s role in the global economy and indicate that Bitcoin is on the brink of potentially reaching unprecedented valuation.
