Blackrock’s head made an increase in Bitcoin to $ 700 thousand.

“This week I spoke with representatives of one of the sovereign funds, and the conversation was about whether it should assign 2% or 5% of its portfolio [на инвестиции в биткоин]. If everyone followed this principle, the price of Bitcoin could grow to $ 500 thousand, $ 600 thousand and $ 700 thousand, ”said the main manager.

The Blackrock Chief added that “believes” in the use of Bitcoin, since it can help overcome “local fears” such as “depreciation of national currency, economic or political instability in the country.”

Before the inauguration of the president of the United States, Donald Trump, on January 20, the cost of Bitcoin updated the historical maximum, reaching $ 109 thousand politicians repeatedly declared support for the cryptographic industry. Bloomberg wrote that the president intends to issue a decree in which the cryptocurrency will be recognized as the “national priority” of the United States.

Despite this, cryptocurrency enthusiasts were disappointed with Trump due to Trump and Melania Memcoirs, who belong to him and his wife Melania. As the Financial Times wrote, the leaders of cryptographic companies fear that these tokens can cause damage to the sector and cause a negative reaction among investors due to excessive volatility.