BlackRock CEO Larry Fink Predicts 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%.

There’s a growing sense that Bitcoin could be entering a much larger phase of growth – and Wall Street is starting to agree.

Here’s a deep dive.

Larry Fink’s Bitcoin Price Prediction

BlackRock CEO Larry Fink has made a bold prediction that’s lighting up the crypto world. He believes Bitcoin could trade well above $500,000 within the next 5 to 10 years.

Fink also called Bitcoin a potential $10 trillion asset – a massive statement that reflects rising institutional belief in the long-term value of crypto.

Bitcoin ETFs Are Fueling the Fire

The rally isn’t happening in a vacuum. A major driver behind Bitcoin’s recent strength is the surge in ETF activity. The U.S. market now has 11 Bitcoin Spot ETFs, which together manage $118.59 billion in assets under management. Their combined market cap is at $120.76 billion, with a daily trading volume of $2.66 billion.

Leading the charge is BlackRock’s iShares Bitcoin Trust (IBIT), which alone holds $62.65 billion in AUM. In just the first few days of May, 21,303.28 BTC flowed into IBIT.

Fink’s outlook aligns closely with BlackRock’s ongoing investment in Bitcoin, signaling their strong conviction in its growing place in global finance.

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.

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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.

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