Speaking during a panel discussion at the World Economic Forum in Davos, Switzerland, Fink highlighted Bitcoin as both a hedge against inflation and a tool for navigating global economic uncertainty.
Joined by Peng Xiao, CEO of UAE-based AI company G42, the discussion linked crypto to the rise of AI. Xiao referred to crypto as “the currency of AI,” while Fink described Bitcoin as “a currency of fear” for those worried about currency debasement or political instability.
“If you’re frightened of the debasement of your currency, or the economic or political stability of your country, you can have an international-based instrument called Bitcoin that can overcome those local fears,” said Fink.
Fink also noted that sovereign wealth funds are now exploring Bitcoin investments, with some considering allocations of 2% to 5%.
“If everybody adopted that conversation, it would be US$500,000, US$600,000, US$700,000 for Bitcoin,” he added.
While stressing that his remarks were not intended to promote Bitcoin, Fink acknowledged its growing role in the global investment landscape.
BlackRock has been a key player in institutional crypto adoption, offering spot ETFs for Bitcoin and Ethereum. Its iShares Bitcoin Trust ETF (IBIT) has seen huge inflows, surpassing its gold ETF in assets under management.
Fink’s comments reflect the increasing integration of digital assets into institutional portfolios. As sovereign wealth funds and major players like BlackRock continue to enter the market, the long-term adoption of crypto by large institutions could indeed drive further growth.
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