BlackRock CEO Larry Fink Expects Bitcoin to Hit $500K in 5–10 Years

Bitcoin’s bullish momentum continues. On May 8, BTC surged 6.41% in a single day, once again climbing above the crucial $100K mark. In the last seven days, Bitcoin has risen by 6.9%, and in the past 24 hours alone, it gained at least 0.3%. The recent rally has sparked renewed excitement in the crypto space, especially after a bold prediction from BlackRock CEO Larry Fink, who believes Bitcoin could trade well above $500,000 within the next 5 to 10 years . Larry Fink’s Bitcoin Price Prediction BREAKING Blackrock CEO Larry Fink says: “we will be seeing #bitcoin well above $500k in the next 5 to 10 years, this is a $10+ trillion dollar asset” pic.twitter.com/P4hIBqoxkq — Crypto Beast (@cryptobeastreal) May 9, 2025 BlackRock’s CEO Larry Fink predicts Bitcoin could surpass $500K within 5–10 years. He also labeled Bitcoin a potential $10 trillion asset , reinforcing growing institutional faith in crypto. The momentum is backed by ETF activity. The U.S. market now hosts eleven Bitcoin Spot ETFs, with a combined AUM of $118.59B . Their total market cap stands at $120.76B , with a daily volume of $2.66B . BlackRock’s iShares Bitcoin Trust (IBIT) leads the market with an AUM of $62.65B . In the first few days of this month alone, 21,303.28 BTC flowed into IBIT. Larry Fink’s bold outlook highlights BlackRock’s belief in Bitcoin’s expanding role in the global financial system. Bitcoin Price Analysis On November 5, 2024, Bitcoin traded at $69,374.85. Between then and December 17, BTC grew by 56.23%. From December 18 to February 23, 2025, it mostly ranged between $106,132.47 and $92,455.22. On February 24, it dropped by 4.92% in a single day, falling below that range. Later, on April 7, BTC hit a low of $74,532.07. However, by April 9, strong buying pressure emerged. Since then, the price has jumped 35.38%, reaching $103,376.94. Also Read : BlackRock Pushes SEC to Approve Ethereum ETF Staking and Tokenization , In terms of monthly performance: January: +9.54% February: -17.5% March: -2.19% April: +14.2% May (so far): +9.57% The Relative Strength Index (RSI) stands at 75.29 , placing BTC in overbought territory. However, the market is currently above all three key moving averages : 50-SMA: $88,534.40 100-SMA: $89,842.09 200-SMA: $91,233.80 The MACD line is at 3,803.03 , well above the signal line at 3,163.09 , signaling bullish momentum. Though the On-Balance Volume (OBV) is at -492.54K , indicating some negative volume pressure, overall sentiment remains bullish. Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. FAQs BlackRock CEO Larry Fink predicts Bitcoin could exceed $500,000 in 5–10 years due to rising institutional adoption. The U.S. hosts 11 Bitcoin Spot ETFs, holding over $118 billion in assets under management (AUM). Yes, with an RSI above 75, Bitcoin is in overbought territory, signaling strong momentum but possible short-term pullback risk. Source: https://coinpedia.org/news/blackrock-ceo-larry-fink-expects-bitcoin-to-hit-500k-in-5-10-years/

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.