According to the media, the CEO Larry Fink of Beled again expressed his attitude to bitcoin in an interview with CNBC and mentioned that the price of bitcoin could rise to US$ 700,000 over the next 12 months. At the same time, the article reviews the previous rounds of the bull market rhythm of Bitcoin and considers that the ETF financial flows and business buys remain important points of observation for subsequent trends.
Price projections
According to the article, Fink believed that if more investors began to accept bitcoin, the asset would have the opportunity to continue. It is also mentioned that the long-term objectives of some of the industry are more radical than those of TTco, or even towards $1 million.
Conditions given by the author
According to the article, the next round of escalation will require several types of cooperation. One is the continued inflow of FETF. The second is that businesses continue to grow in bitcoin. Third, the Fed reduced interest rates, making it easier for venture assets to obtain financial support.
Timeline judgement
Citing the so-called “four-year cycle”, the text suggests that Bitcoin may be able to re-enter the top stage around 2027 and see a high point near 2029.