BlackRock CEO Larry Fink dropped a bombshell at Davos—he said Bitcoin is like the internet in 1996.
Coming from the head of a financial giant managing $10.6 trillion in assets, those words carry a lot of weight. Just seven years ago, he called Bitcoin a "money laundering index," and looking back, that sarcastic tone is almost ironic now.
But people do change. Not only did he push for the world’s largest spot Bitcoin ETF to land on Wall Street, he’s now making bold predictions: if global financial institutions allocate 2%-5% of their funds into Bitcoin, prices could soar to $500,000, $600,000, or even $700,000.
Fink’s shift from calling it a "money laundering tool" to "digital gold" pretty much sums up how the entire traditional financial sector’s view of crypto has evolved. Back on the eve of the dot-com bubble, many thought the internet was just hype too. But look how that turned out—it really changed the world.
Will Bitcoin follow the same path as the internet? It’s too early to say for sure. But one thing is clear: when Wall Street’s money starts taking this market seriously, the rules of the game are definitely changing. Will 2025 be the turning point? The market will give us the answer through price.
No matter what, the line between traditional finance and the crypto world is blurring—the transformation is just getting started.
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MidnightTrader
· 6h ago
Fink's reversal this time is truly remarkable. The one who criticized the most before is now praising the hardest, haha.
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MetamaskMechanic
· 6h ago
Fink’s words are a bit premature, but they definitely mean something, you get it?
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In the end, it still takes institutional money to drive things forward. Retail investors are always just along for the ride.
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$700,000? Let’s wait until institutions actually allocate before we talk. Anyone can talk the talk.
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The irony is, seven years ago they were shouting about money laundering, now they’re making a fortune pushing ETFs and immediately changed their tune. That’s how finance guys are.
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Is it really different this time, or is it just another round of a feast for the “chives”? I’m skeptical.
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Wall Street’s entry has been underway for a while. Only talking about it now is ridiculous—it’s too late, man.
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The Internet was hyped up the same way. Just wait and see. Whether they want to or not, they’ll have to allocate 2%-5%.
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LiquidityWizard
· 6h ago
Fink has really changed this time. Have you already forgotten his sarcastic attitude before? Now he's outright backing Bitcoin. Wall Street is definitely starting to get serious.
BlackRock CEO Larry Fink dropped a bombshell at Davos—he said Bitcoin is like the internet in 1996.
Coming from the head of a financial giant managing $10.6 trillion in assets, those words carry a lot of weight. Just seven years ago, he called Bitcoin a "money laundering index," and looking back, that sarcastic tone is almost ironic now.
But people do change. Not only did he push for the world’s largest spot Bitcoin ETF to land on Wall Street, he’s now making bold predictions: if global financial institutions allocate 2%-5% of their funds into Bitcoin, prices could soar to $500,000, $600,000, or even $700,000.
Fink’s shift from calling it a "money laundering tool" to "digital gold" pretty much sums up how the entire traditional financial sector’s view of crypto has evolved. Back on the eve of the dot-com bubble, many thought the internet was just hype too. But look how that turned out—it really changed the world.
Will Bitcoin follow the same path as the internet? It’s too early to say for sure. But one thing is clear: when Wall Street’s money starts taking this market seriously, the rules of the game are definitely changing. Will 2025 be the turning point? The market will give us the answer through price.
No matter what, the line between traditional finance and the crypto world is blurring—the transformation is just getting started.