Blackrock CEO Larry Fink thinks that bitcoin, which is currently priced at about $104,200, could rise to $700,000. But that’s when people get really nervous about the stability of their own currencies around the world. And although it’s anyone’s guess whether Fink’s logic holds good and people actually flock to crypto in times of crisis (that more general thesis has yet to be proven), it’s true that the choice of Donald Trump has the potential to inject a lot of instability into the global economic landscape.

Fink made the prediction about the future price of bitcoin on Wednesday at the World Economic Forum in Davos, Switzerland, while discussing the outlook for technologies such as artificial intelligence and cryptocurrency with Bloomberg. Fink was once a crypto skeptic in the late 2010s, saying back in 2017 that, “Bitcoin just shows you how much demand there is for money laundering in the world.” But the billionaire changed his mind in recent years, becoming a true believer in the promise of crypto in 2021.

Fink seems to not only believe that crypto is now a positive thing, but that this reliance on fear is actually an asset. The billionaire thinks that people can make a lot of money from instability or at least the worries of instability around the world.

“When I became a student of crypto, it was very clear to me that crypto is a currency of fear. And that’s okay,” Fink said during the panel on Wednesday available at the YouTube.

Fink shared the stage with Peng Xiao, the CEO of AI company G42, who interfered “to some extent” with Fink’s contention that fear drives bitcoin. But Fink only doubled down on the idea that it’s “okay” for bitcoin’s fortunes to rely on fear.

“If you are afraid of the devaluation of your currency or you are afraid of your economic or political stability in your country, you can have an internationally based instrument called bitcoin that can overcome local fears. And so I am a big who believe in using that as an instrument,” Fink said.

Fink went on to say that the price of bitcoin could reach “$500,000, $600,000, $700,000 per Bitcoin” while stressing “I’m not advocating that, by the way.”

Fink also said he believes bonds and stocks should be “tokenized.” Why? That part is ambiguous, because it makes no sense. But why not? We went through the same cycle of hype bullshit a few years ago when everyone jumped on the NFT bandwagon and tokenizing things that don’t need to be tokenized may have another resurgence.

“The fact that we’re not advancing tokenization, every bond and stock is going crazy,” Fink said. “We have to move towards that frontier. Obviously there are winners and losers and everything. But we have to prepare for tokenization. And it will democratize more finance if we tokenize bonds and stocks .”

Fink also discussed the power needs of the many data centers that continue to be built around the world to serve the needs of AI. Those data centers require a lot of energy, which Fink responded by talking about nuclear power as a potential fix.

“We need more energy partners to make this a viable global undertaking,” Fink said. “And hopefully it sparks a conversation about what role nuclear plays in the energy mix.”

Fink gave a nod to renewables, saying they could be part of the mix, but said “unless fusion actually works and we have new sources of power,” there is a need to work with what is available.

There are some big questions about the future of the US economy currently hashing out at Davos and beyond. Inflation, for example, no longer seems to be something the ruling class fears so much, despite the 2024 US presidential election crucially depending on whether a new president is able to lower prices. .

JPMorgan CEO Jamie Dimon was asked about Trump’s plans for across-the-board tariffs against Mexico and Canada, which are expected to take effect around February 1. And Dimon, who is worth $2.7 billion, said very cold about hope.

“If it’s a little inflationary, but it’s good for national security, so be it. I mean, get over it,” Dimon told CNBC’s Andrew Ross Sorkin Wednesday.

That seems like a good mantra for the rich in this new Trump era: So, get over it. We’ll probably hear a lot if Trump manages to torpedo the economy. That’s probably not what most Trump supporters thought they were signing up for when they voted for the 47th president. But that’s definitely what they get.