Blackrock CEO Calls Bitcoin “Digitised Gold” on National Television
The CEO of Blackrock, Larry Fink, made a significant statement on Fox Business News, describing Bitcoin as “digitised gold” and emphasizing its status as an international asset. This marks a complete turnaround from Fink’s previous stance in 2017, when he referred to Bitcoin as an “index of money laundering”. With Blackrock being the largest asset management company globally, managing over nine trillion dollars, Fink’s endorsement of Bitcoin carries considerable weight.
Key Points:
- Blackrock CEO Larry Fink believes Bitcoin is an “international asset” and sees it as a hedge against inflation and currency devaluation.
- Fink expressed his company’s intention to “democratise crypto” and make it more affordable for investors.
- Blackrock has a strong track record of getting its ETFs accepted by regulators, increasing the likelihood of a Spot Bitcoin ETF approval.
- Fink’s statement is expected to have a significant impact on the market, potentially driving positive price action for Bitcoin.
- Bitcoin’s current price is up 1% following Fink’s endorsement, and it is positioned near the crucial level of $31,000.
Hot Take:
Larry Fink’s endorsement of Bitcoin as “digitised gold” and his belief in its potential as an international asset further solidifies the cryptocurrency’s position in the mainstream financial landscape. His statements not only validate Bitcoin’s value proposition but also demonstrate Blackrock’s commitment to embracing the future of digital assets. With the market anticipating positive price movement, Bitcoin’s bull market appears to be just beginning.
By
By
By
By
By