Fink believes Bitcoin’s growth is driven by liquidity and transparency, not politics or regulations. His company’s Bitcoin ETF has seen massive inflows, totaling $23 billion in nine months. The ETF has seen its largest single-day inflow since June, with Bitcoin reaching a two-week high.
Fink’s perspective on Bitcoin is positive, contrasting with those who focus on rules and oversight. He compares Bitcoin’s growth to that of the mortgage and high-yield markets, highlighting its potential for long-term success.
Despite initial skepticism, Fink has become bullish on Bitcoin, comparing it to gold and predicting its future success. Bitcoin ETFs have significantly outperformed gold ETFs in terms of inflows, indicating a shift in institutional investment.
Standard Chartered has predicted Bitcoin will reach $200,000 by 2025, regardless of the U.S. presidential election.