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Back in January, BlackRock CEO Larry Fink made one of his boldest Bitcoin calls yet — saying the asset could skyrocket to as high as $700,000 if institutional adoption hits scale.

Speaking at the World Economic Forum in Davos, Fink said BlackRock was in talks with sovereign wealth funds weighing whether to allocate 2% to 5% of their portfolios to Bitcoin.

“If everyone adopted that conversation, it would be $500,000, $600,000, $700,000 per Bitcoin ,” Fink told Bloomberg.

His comments came during a panel discussion alongside Peng Xiao, CEO of UAE-based AI firm G42. While Xiao described crypto as the “currency of AI,” Fink framed Bitcoin as a hedge against rising global instability.

“As I became a student of crypto, it was very clear to me that crypto is a currency of fear,” said Fink. “But that’s OK. If you’re frightened of the debasement of your currency, or the economic or political stability of your country, you can have an international-based instrument called Bitcoin that can overcome those local fears.”

He added,“I don’t want this to be a promotion of Bitcoin.”

On March 25, Carlos Domingo, CEO of Securitize, announced that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) would now be available on Solana, giving the fund exposure to one of the fastest-growing ecosystems in crypto.

Launched in March 2024, BUIDL is nearing $2 billion in market cap, and Securitize COO Michael Sonnenshein recently told Fortune that the fund aims to make traditional assets “unboring” by bringing them on-chain.

As of today, Bitcoin trades at $87,746, down slightly on the day, per Kraken’s price feeds .