Bitcoin and crypto prices have swung wildly this week as traders brace for U.S. president Donald Trump to drop a bitcoin price bombshell. The bitcoin price surged to an all-time high on Monday but has dropped back alongside Trump’s new memecoin. Now, as fears grow of U.S. dollar crisis at the Federal Reserve, BlackRock chief executive Larry Fink as revealed he’s had discussions with sovereign wealth funds about buying bitcoin and predicted such conversations could catapult the bitcoin price to $700,000 per bitcoin—which would give bitcoin a market capitalization of $14 trillion. “If everyone adopted that conversation, it would be $500,000, $600,000, $700,000 per bitcoin,” Fink, who led the Wall Street rush into bitcoin and crypto last year via a fleet of spot bitcoin exchange-traded funds (ETFs), told Bloomberg at the World Economic Forum in Davos. BlackRock led a campaign to get a spot bitcoin ETF approved in the U.S. through 2023, with a fleet of bitcoin funds making their debut in January 2024 before surging to become some of the fastest growing ETFs of all time.

Full report : BlackRock CEO Larry Fink Forecasts $700,000 Bitcoin Price Amid Inflation Worries.