Blackrock's Jaw-Dropping Bitcoin Move Could Rocket the Price to $1 Million — Brace Yourself!
I finally know what it feels like to be a teenage girl about to go to her first Taylor Swift concert. The anticipation and thoughts: "What song will she play first? Is she going to play Love Story? Do I wear my Taylor Swift T-shirt? Oh, wait…I know; I'll ask ChatGPT.
A stylish romper…of course! Thank God for ChatGPT. I have every answer I need right here on my phone."
As a middle-aged male, it's hard for me to get giddy about too much. But Larry Fink has gotten me excited. Not in the Viagara kind of way…in the Bitcoin symbol as eyeballs cartoon kind of way. I listened to the Larry Fink interview on repeat…
“We do believe if we can create more tokenization of assets and securities, and that’s what bitcoin is, it could revolutionize again, finance. We look at this as an opportunity to move one step further in terms of providing investors fractions of shares, fractions of this, democratizing the cost of investing…I do believe the role of crypto is digitizing gold in many ways.” -Larry Fink
Is $1 million Bitcoin inbound?
If gold's market cap is $11 trillion and Bitcoin's market cap is $600 billion, Bitcoin would be 18x in value if it equals gold's global capitalization. Currently trading for $30,000, every Bitcoin would be valued at $540,000. Combine this with speculation and FOMO, and the price can accelerate to $1 million per Bitcoin.