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Larry Fink, CEO of BlackRock (the world's largest asset manager), recently made an incredible prediction… Fink now expects Bitcoin to reach $700,000. (It's currently trading at around $100,000.) He even suggests institutional investors invest 1-2% of their portfolios in Bitcoin. That might not sound like much, but coming from someone like Fink, it's a huge deal… It wasn't that long ago that Fink was one of crypto's proudest, most vocal skeptics. Put simply, the narrative around Bitcoin is shifting. With institutional adoption picking up steam, there's a lot to unpack about what this means for Bitcoin and the broader crypto market. Let's dive in. | Recommended | | Don't miss our LIVE event, "Becoming a Crypto Millionaire in 2025" tonight, January 30 at 7 p.m. ET. During the event, Frank Curzio, founder and CEO of Curzio Research, will share what he thinks the new pro-crypto Trump administration will do for the market... He'll reveal 2 altcoins he believes will outperform Bitcoin in 2025—and could produce the next group of crypto millionaires... And he and co-host Daniel Creech will answer any crypto questions you have. Register here. |
Fink's change of heart on Bitcoin In 2017, Fink referred to Bitcoin as "the index of money laundering" and said BlackRock clients were not interested in getting involved in cryptocurrency. Today, he's singing a very different tune—calling himself a "major believer" in Bitcoin and describing Bitcoin as "digital gold" and a hedge against economic uncertainty. In fact, BlackRock is going all in on crypto. In January 2024, following the SEC's approval of spot Bitcoin ETFs, BlackRock officially launched the iShares Bitcoin Trust (IBIT). The ETF quickly gained traction, amassing $10 billion in assets by May 2024 to become the world's largest Bitcoin fund. Shortly after, in May (following SEC approval), the firm launched its iShares Ethereum Trust ETF (ETHA). In addition to these ETF initiatives, BlackRock has been accumulating Bitcoin. The asset manager just bought $600 million worth of Bitcoin—the largest single purchase of Bitcoin in 2025 so far. To put this into perspective, the purchase is 3x the value of Bitcoin's daily production (about $45 million worth of coins). The notable shift from Fink's earlier skepticism underscores the growing acceptance of digital assets among major financial institutions—and it's a big reason Bitcoin's price has been climbing. What's driving institutional crypto demand? One reason Bitcoin is booming is that the rules around crypto are finally getting clearer. For one thing, President Trump is already taking steps to build out a new regulatory framework for digital assets. For another, the SEC has become much more crypto-friendly since Trump took office. Under former Chair Gary Gensler, the SEC was intentionally vague about crypto regulations… and went after companies (including ours) with any perceived connection to cryptocurrency. But Gensler has resigned, and Trump has tapped crypto advocate Paul Atkins to head the commission. What's more, the SEC just repealed SAB 121, which prohibited financial institutions from offering crypto custody services. The ability to offer custody services for crypto assets is a big deal. Now, banks can offer a range of crypto-related services, such as trading, lending, derivatives, and asset management. Put simply, with better regulations in place, big players like BlackRock aren't as worried about diving into crypto. This shift has unlocked trillions of dollars that could flow into the market. It's not just about Bitcoin; other cryptocurrencies—or altcoins—are also benefiting. Beyond Bitcoin: The altcoin opportunity Whether—or when—Bitcoin ultimately reaches $700,000, as Fink predicts, remains to be seen. But at this point, the true gains to be made in crypto will come from altcoins. Many of these assets have the potential to deliver 3x, 5x, or even 10x returns. If you're willing to take on a bit more risk, the rewards could be massive. Want to find out which altcoins have the greatest potential for life-changing gains? Join Frank Curzio on Thursday, January 30, at 7 p.m. ET, for our live event, "Becoming a crypto millionaire in 2025." During the event, we'll cover key trends driving this once-in-a-generation bull run in crypto… and 2 altcoins poised to outperform Bitcoin this year. Plus, we'll end the session with a Q&A where we'll answer all your crypto questions. The event is completely free to attend. You can register here. Whether you're a seasoned investor or just starting out, this is your chance to learn how to cash in on crypto. Conclusion: Why now is the time to pay attention The next few years are going to be huge for crypto. With regulatory clarity, institutional money pouring in, and a supportive political climate, the stage is set for a major run. This isn't just a short-term trend—the tailwinds are strong enough to last for years. If you've been on the fence about crypto, it's time to take a closer look. Regards, Curzio Research By clicking the links above you'll automatically recieve emails from Curzio Research and our partners. Unsubscribing is easy. | 
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