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BlackRock CEO Larry Fink Says Bitcoin Could Run to $700,000 if Sovereign Wealth Funds Begin Allocating

The CEO of the largest asset manager in the world says that Bitcoin ( BTC ) could see drastically higher prices if sovereign wealth funds begin accumulating. Speaking with Bloomberg at the World Economic Forum (WEF) event in Davos, Switzerland, BlackRock CEO Larry Fink says that sovereign wealth funds may drive the price of Bitcoin higher as they look to hedge against “local fears” such as inflation and political or economic uncertainty. “If you’re frightened of the debasement of your currency or you’re frightened of the economic or political stability of your country, you can have an internationally based instrument called Bitcoin that will overcome those local fears. And so I’m a big believer in the utilization of that as an instrument, and so if that becomes true and you see that it could be a proper hedge against hope securities or equities, the question is, could you see it be a 2% or 5% allocation? I was with a sovereign wealth fund during this week and that was the conversation. Should we have a 2% allocation? Should we have a 5% allocation? If everybody adopted that conversation, it would be $500,000, $600,000, $700,000 per Bitcoin.” Fink’s BlackRock has embraced Bitcoin over the last year, building a $50 billion stash to back its iShares Bitcoin Trust ETF (IBIT) which went live in early 2024. In November, it was found that IBIT had surpassed BlackRock’s gold ETF (IAU) in terms of net assets – reaching over $33 billion – despite the gold ETF launching nearly two decades earlier in 2005. At time of writing, Bitcoin is trading at $104,607. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post BlackRock CEO Larry Fink Says Bitcoin Could Run to $700,000 if Sovereign Wealth Funds Begin Allocating appeared first on The Daily Hodl . AMB Crypto

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Remittix Shows Parallels to Dogecoin and Shiba Inu`s Early Days—Could This New Viral Altcoin Offer a 1,000x Return?

When Dogecoin and Shiba Inu were first introduced, few could predict the meme frenzy that would transform them into major hits. Both exceeded all expectations: Dogecoin experienced a spike of over 12,000% in 2021 alone, while Shiba Inu increased by millions of percent since its launch. Now, a new altcoin known as Remittix (RTX) is drawing parallels to those initial surges. Might Remittix achieve or even surpass that level of success? Dogecoin—The Original Meme Phenomenon Currently valued around $0.348 (with a 1.7% rise in the last 24 hours, despite an 18% drop in trading volume), Dogecoin remains the pioneering meme token that captured the public`s attention. Its humorous beginnings did not hinder it from achieving a 12,000% increase during the peak of meme excitement. However, with new meme coins frequently emerging, Dogecoin (DOGE) occasionally finds it challenging to maintain interest. Once massive daily trading volumes can decrease sharply, illustrating the fragility of hype-driven tokens. Nevertheless, devoted meme supporters persist. After all, Dogecoin has earned significant brand recognition—though some speculate its peak days might be in the past. The lesson from DOGE`s journey is clear: Initial frenzy can result in extraordinary profits, but interest can wane if new memes capture the spotlight. This is why some investors turn their attention to emerging altcoins, hoping to seize a similar early advantage before the market becomes overcrowded. Shiba Inu—From Humor to Astonishing Gains Conversely, Shiba Inu is trading near $0.0000201, having dropped 5% over the past week with a 30% decline in trading volume. Despite this short-term decrease, Shiba Inu (SHIB) once achieved a staggering rise of over 21,000,000% from its lowest point, driven by meme excitement that turned many minor investors into instant millionaires. This phenomenal surge demonstrated that even lesser-known tokens can soar if social media support is strong. However, Shiba Inu now faces intense rivalry from new meme ventures. Although SHIB benefits from a dedicated “ShibArmy,” some question whether significant gains are a thing of the past, especially given how quickly public attention can shift. Much like DOGE, Shiba Inu illustrates both the immense potential and risks of meme coins: massive growth possibilities, yet heavily reliant on hype that can fade as easily as it forms. Remittix—The Potential 1,000x Contender? Introducing Remittix, an altcoin that’s generating buzz for its similarity to DOGE and SHIB’s early days—but with a significant difference. Instead of relying purely on meme hype, Remittix (RTX) is focused on real-world remittance solutions. The token’s PayFi system allows users to convert crypto to fiat in under 24 hours, eliminating hidden fees. Despite its practical approach, Remittix is also gaining viral momentum as early adopters anticipate substantial gains. Some speculate that this initial traction could mimic Dogecoin or Shiba Inu in their early stages, potentially achieving a 1,000x increase if widespread adoption follows. Proponents claim that while DOGE and SHIB climbed on community enthusiasm, Remittix offers concrete use cases for international payments. This utility might secure its position if the meme coin trend fades. Analysts observe that a significant portion of the cryptocurrency community seeks more than just jokes and dog-themed mascots—they want an altcoin that addresses real issues. Remittix (RTX) seems to fulfill that need, which could explain the high expectations for a price surge. The demand for Remittix is evident, with over $4.4 million raised in just three weeks. Considering that dog-themed tokens achieved massive success based on memes alone, imagine the potential for a coin with practical applications. Conclusion—Could Remittix Be the Next DOGE or SHIB? With Dogecoin (DOGE) rising from a playful meme to a top-ten cryptocurrency, and Shiba Inu (SHIB) reaching astonishing returns, it’s no wonder many are searching for the next big success. Remittix could be that contender: a PayFi altcoin leveraging early meme excitement marketing while offering real-world functionality. If it garners enough interest—and if the global remittance market embraces crypto—some believe Remittix (RTX) can achieve or surpass the early gains seen by DOGE and SHIB. Curious to see if Remittix can mirror the meteoric rise of DOGE and SHIB? ● Visit Remittix for presale information ● Follow updates on Remittix’s social platforms. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. AMB Crypto