TechFlow news, January 23 — According to Cointelegraph, BlackRock CEO Larry Fink stated at the World Economic Forum in Davos that if asset management firms collectively allocate 2% to 5% of their funds into Bitcoin, it could drive the cryptocurrency's price up to $700,000. Fink emphasized Bitcoin's role as an international tool to hedge against currency depreciation and regional political and economic risks. He also warned that inflation may rise over the next 12 months, saying it is too early to conclude that inflation has peaked.
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