PANews reported on January 23 that according to Cointelegraph, Larry Fink, CEO of BlackRock, discussed the future of digital currency in an interview at the World Economic Forum Davos. He said that due to concerns about currency depreciation, the price of Bitcoin could climb to $700,000 per coin.

Fink said: "A small allocation of 2% to 5% by asset managers collectively could drive the price of Bitcoin higher. If you are worried about currency devaluation, or worried about the economic or political stability of a country, you can have an internationally based tool - Bitcoin, which can overcome these localized fears." However, he said he is not promoting Bitcoin. Fink also said he is concerned about the possibility of rising inflation in the next 12 months and warned that it is dangerous to assume that peak inflation has been reached.