BlackRock, the world’s largest asset management firm, reportedly purchased $600 million worth of Bitcoin on January 22. This marks its largest acquisition of the crypto this year. The recent BTC acquisition was spotted by blockchain analytics platform Arkham Intelligence.

If everybody adopted that conversation, it would be $500,000, $600,000, $700,000 for bitcoin’ — Larry Fink That’s Larry Fink, chief executive at BlackRock Inc., the world’s largest asset manager, who says that bitcoin could reach $700,

Fink was sharing the stage with Peng Xiao, the CEO of AI company G42, who interjected with “to some extent” on Fink’s contention that fear drives bitcoin. But Fink just doubled down on the idea that it was “okay” for bitcoin’s fortunes to rely on fear.

Bitcoin ( BTC 1.30%) had a phenomenal year in 2024. The cryptocurrency returned 119%, easily outperforming the 23% gain in the S&P 500 (SNPINDEX: ^GSPC), which itself is commonly seen as a barometer for the overall U.S. stock market. In fact, only five stocks in the S&P 500 created more wealth than Bitcoin last year.

Bitcoin lost its bullish momentum because the new United States president, Donald Trump, did not mention crypto in his inauguration speech.

Larry Fink, the head of the world’s largest asset management firm, said today during an interview at Davos that there is one scenario in which Bitcoin could surge to as much as $700,000.

Pension funds are investment pools that manage peoples retirement savings. They aim to encourage long-term saving and provide financial security to retirees. But some pension funds in the US, UK and elsewhere have

Arkham reveals BlackRock's IBIT is selling BTC, sparking speculation about its reaction to market pullbacks and questioning Bitcoin's 21M supply.

The BlackRock CEO also weighed in on AI's energy implications and crypto's role as an alternative "currency of fear."

BlackRock's ( NYSE: BLK) iShares Bitcoin Trust ( NASDAQ: IBIT) has more than doubled in value since its debut in Janaury 2024, and is up about 8% this month. BlackRock on Monday launched the ETF on Cboe Canada, expanding access to Canadian investors.

BlackRock (BLK) reported record fourth-quarter and full-year earnings results as the world’s largest asset manager continued

Bitcoin, Solana and XRP held firm above their respective critical support levels at $103,000, $3 and $250. President Trump’s decision to pardon Ross Ulbricht has boosted investor confidence in privacy-preserving technologies. Bitcoin price experienced a relatively long period of consolidation on Wednesday, stabilizing above $103,500 at press time.