Chairman of BlackRock “stands more in Jamie Dimon’s camp” on Bitcoin, praising crypto

The chairman of the billion-dollar US investment management company BlackRock “may” agree that Bitcoin has no value.

in a interview On October 13, Larry Fink and CNBC signed a provisional agreement with JPMorgan Chase CEO Jamie Dimon on the true value of Bitcoin.

Fink: “I don’t know” whether Bitcoin will rise to $80,000 or zero

Famous all over the world Because of the hints of Bitcoin over the years, Fink insisted that he is not the biggest fan of cryptocurrency, but still supports more people to invest in the field.

“I am not a student of Bitcoin, and I don’t know where it will go, so I can’t tell you whether it will rise to $80,000 or zero,” he told the network.

“But I do believe that digital currency has a huge effect, and I believe it will help consumers all over the world-whether it is Bitcoin or other things, or more official government digital currencies, digital dollars, it will play a role.”

Fink spoke after Dimon reiterated his doubts about Bitcoin, which raised concerns about his lack of confidence in his limited supply.

Proponents immediately responded to his comments, implying that only a lack of understanding would cause people to question what was written in the code—and subsequently be remembered by the unalterable consensus for more than 12 years.

“I have more conversations with people on the street about cryptocurrency than anything else,” Fink continued.

“Seeing that people are so fascinated by it that they show interest in it, regardless of whether it will work in the long run, we will see, as I said, I see a huge opportunity in digital encryption. It’s awesome / blockchain-related currencies, this is the direction I think-it will create some big winners and some big losers.”

Since the 2020 block subsidy halving event, Bitcoin has risen by nearly 600%, and Outperform Macro assets throughout 2021.

BTC/USD and gold. Chart with S&P 500 index.Source: Econometrics/Twitter

Bitcoin is waiting to surprise critics

Bitcoin fell from a five-month high on Wednesday Believe It should be the last retracement before retesting the all-time high of $64,500.

related: With the price of BTC falling below $55,000, Bitcoin search popularity is approaching a 1-year low

Looking to the future, the forecast remains firmly bullish, not only with six-figure calls, but also Up to 300,000 USD In the next few months.

As Cointelegraph Report, The data shows that 2021 will increasingly repeat the bull market characteristics of 2017, leaving only the top phase of the outbreak to be completed.