BlackRock chief executive Larry Fink as revealed he's had discussions with sovereign wealth funds about buying bitcoin..

In December, when Bitcoin (CRYPTO: BTC) finally broke through the $100,000 mark, the conventional thinking was that it was going to skyrocket in value in 2025. Bitcoin seemed to be on the cusp of going mainstream,

BlackRock, which manages assets worth over $10 trillion, owns 572,616 BTC worth $58.43 billion, and controls roughly 2.7% of all BTC supply, following its mammoth Bitcoin purchase last week.

Nasdaq has proposed a new system for BlackRock's iShares Bitcoin ETF, allowing institutional investors to redeem shares directly for bitcoin instead of cash. This innovative model aims to streamline operations,

BlackRock's Bitcoin holdings surge after a $1 billion buy. IBIT ETF breaks records as CEO Fink forecasts BTC reaching $700K.

Fink laid out a scenario where Bitcoin jumps sixfold to hit $700,000 in a discussion about crypto in Davos Wednesday.

The Securities and Exchange Commission had previously only allowed cash redemptions when the spot bitcoin ETFs were approved last January.

Big names such as BlackRock, Metaplanet and MicroStrategy investing in Bitcoin now as the price dipped below the $100,000 mark. This has lead to increased price of the token today.

Nasdaq proposed a rule change for Bitcoin ETFs to allow in-kind creation and redemption, making it more efficient for institutional investors.

Larry Fink, CEO of BlackRock, has suggested that Bitcoin could reach $700,000 per coin, citing its growing role as a hedge against economic instability. His projection, sparked by a discussion with a sovereign wealth fund,

The Czech National Bank will consider holding billions of dollars worth of bitcoin in its reserves, Governor Ales Michl said on Wednesday, potentially the first shift into the cryptocurrency by a western central bank if it went ahead.

Bitcoin's four-year cycle faces potential disruption as Trump's crypto executive order could reshape market dynamics and institutional adoption.