BlackRock CEO: Inflationary Pressures Will Continue to Drive Asset Prices Like Bitcoin Higher

According to Forbes, BlackRock CEO Larry Fink warned at the Saudi Future Investment Initiative Summit that the Fed will not cut interest rates as sharply as the market expects, with only one 25-basis point cut expected, and that inflationary pressures will continue to drive up the price of assets such as Bitcoin. Fink also noted that the day's net inflows into BlackRock's Bitcoin ETF reached a new high for the year of $872 million, benefiting from Central bank easing and improved liquidity. Meanwhile, Anthony Scaramucci, founder of SkyBridge Capital, predicts that bitcoin will reach $170,000 by mid-2026, with a total market value of $3.3 trillion.