Bullish predictions have emerged as Larry Fink claims he is no longer concerned about Bitcoin's leverage. | Source: CCN.
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Key Takeaways
Larry Fink said reduced leverage had made Bitcoin and crypto markets more stable.
BlackRock’s IBIT recorded $138.9 million in net inflows, bringing total US spot Bitcoin ETF inflows to $181.1 million.
PlanB said Bitcoin could reach $500,000 during 2026–2028.
Bitcoin’s potential price growth is in focus, as BlackRock’s “very bullish” Chief Executive Larry Fink said the crypto market appears more stable at current levels.
Fink’s comments came as BlackRock’s iShares Bitcoin Trust attracted $138.9 million in net inflows, signaling renewed investor demand after a volatile period.
Meanwhile, popular analyst PlanB argued that Bitcoin’s price could reach $500,000 or higher during the current halving cycle — going so far as to predict a potential $1 million by 2028.
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BlackRock’s Larry Fink Says Bitcoin Is Becoming More Stable
Speaking on CNBC’s Squawk on the Street on Wednesday, Fink said his previous concerns about excessive leverage across Bitcoin and the wider crypto market had eased.
“There is no question, as I said in earlier times, that I was always worried about the leveraging in Bitcoin and crypto,” Fink said.
“There were too many leveraged players in it. That’s why we had to watch out, and I think there’s more stability at these levels here.”
The BlackRock CEO said leverage had become less significant relative to the size of global capital markets, although he acknowledged that isolated risks remained.
Adding: “The leverage is not as large. That doesn’t mean there are not pockets.”
Fink then delivered a broadly optimistic outlook for financial markets over the coming year.
“I’m very bullish on the markets over the next 12 months,” he said.
Fink argued that technological development would allow companies to increase productivity and improve profit margins.
He pointed to BlackRock’s own performance, saying the asset manager had increased its margins by 260 basis points over the previous 12 months, partly through greater use of technology.
BlackRock Bitcoin ETF Attracts $139M
Fink’s comments came after BlackRock’s spot Bitcoin exchange-traded fund recorded $138.9 million in net inflows on July 14, according to Farside Investors.
Across all US spot Bitcoin ETFs, investors added approximately $181.1 million during the session.
The figures are more accurately described as client inflows into BlackRock’s ETF rather than BlackRock spending its own corporate money on Bitcoin.
BlackRock’s IBIT is the world’s largest spot Bitcoin ETF by assets. It held approximately $47.57 billion in net assets as of July 15, according to official iShares data.
The fund allows investors to gain exposure to Bitcoin through a conventional exchange-traded product without directly managing wallets or private keys.
Recent moves suggest investors are continuing to allocate capital through IBIT despite Bitcoin trading almost 50% below its October record.
PlanB Says Bitcoin Could Reach $500,000
The renewed demand comes as popular analyst PlanB has argued that Bitcoin has a lot higher to climb this cycle, possibly as high as $500,000 and beyond.
“Of course, Bitcoin can still drop realized price ($53k) below, as it did in every bear market bottom,” PlanB wrote on X.
“But Oct $126k top was not the cycle top IMO,” he added.
PlanB said his stock-to-flow model continued to indicate a substantially higher valuation during the current cycle.
“Based on stock-to-flow valuation, BTC could still go to $500k ($250k-$1m range) … this cycle (2026-2028),” he said.
“Patience.”
Of course bitcoin can still drop below realized price ($53k), like it did in every bear market bottom.
But Oct $126k top was not the cycle top IMO. Based on stock-to-flow valuation, BTC could still go to $500k ($250k – $1m range) .. this cycle (2026-2028!
The stock-to-flow model attempts to value Bitcoin by comparing the number of coins already in circulation with the amount of new supply produced each year.
Bitcoin’s halving mechanism reduces the reward paid to miners approximately every four years.
In a follow-up post, PlanB said the model was intended to identify average valuation levels across halving cycles.
“IMO the cyclical nature of bitcoin is more about halving cycles,” he wrote.
“Every halving cycle BTC finds a new (ave) level,” he added.
However, the model remains highly speculative and has previously deviated significantly from Bitcoin’s actual price.
Other Analysts Target $80,000 in August
Other analysts remain bullish but have delivered considerably more subdued short-term forecasts.
Michaël van de Poppe said Bitcoin had defended a crucial support level around $61,000 while moving above important moving averages.
“There we go for Bitcoin,” van de Poppe wrote on X.
“It’s holding the crucial level at $61,000 and flipping important MAs for support, indicating that there’s more momentum on the horizon.”
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Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
