BlackRock CEO: Inflationary pressure will continue to drive up the prices of assets such as Bitcoin

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Cointime2024/10/31 13:22

By:Cointime

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.

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