BLACKROCK CEO LARRY FINK SAYS BITCOIN IS AN INTERNATIONAL ASSET
Fink also said that #bitcoin and crypto are “#digitizinggold” and that it can potentially serve as a hedge against inflation.
BlackRock , the world's largest asset manager with nearly $9 trillion in assets under management, has made significant strides toward embracing bitcoin, as indicated by its recent?filing?for a spot bitcoin exchange-traded fund (#BitcoinETF). The company’s decision to take steps to offer its clients exposure to the digital asset are likely to bring a surge of institutional adoption to the space.
The company also recently?resubmitted their filing?after the?SEC responded?that the initial filings required more information in regards to the exchange’s involved, subsequently adding Coinbase to the filing, as other firms refiling did.
And now, BlackRock’s CEO, Larry Fink , has made an appearance on Fox Business Network where he?stated?that the role of bitcoin and #crypto is “digitizing gold.”?
“Instead of investing in gold as a hedge against #inflation … or the #devaluation of your currency … [bitcoin] can represent an asset that people can play as an alternative,” Fink stated. The description reinforces the perception of bitcoin as a #storeofvalue, akin to the role gold has traditionally played in investment portfolios. By likening bitcoin to gold, Fink acknowledges the international nature of the #digitalasset, highlighting its potential as a global store of wealth — and indeed, during his news appearance, Fink further emphasized that, "Bitcoin is an #internationalasset."?
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The televised statement underscores the conviction Fink, and likely BlackRock, have in bitcoin and its potential role in the future. Fink's recognition of bitcoin's international appeal further bolsters the case for increased institutional interest and investment.
BlackRock's pursuit of a Bitcoin ETF and Fink's endorsement of bitcoin as digitized gold reflect a notable shift in the attitude of major financial institutions toward bitcoin. These developments suggest that BlackRock, along with other industry giants, recognizes the potential of bitcoin to reshape the financial landscape.
Miasma Mining Resource Engineer born 313 ppm CO2
1 年https://cleanupbitcoin.com/chase-blackrock
Old fashioned storyteller. International bestselling author of THE LAUNDRYMEN. 30 books & counting. Expert on money laundering & financial crime. Seasoned investigative journalist, television, film & keynote speaker.
1 年Larry Fink is full of crap! He’s a self-interested snake oil salesman and part time grifter who’s simply pumping this garbage for his own good.
Simplifying Bitcoin Mining for investors | ANZ Territory Manager @ Pantheon Mining
1 年He finally admitted the truth because the financial doomsday is coming and Bitcoin will be the safe heaven.
Quality…. What else? Ensuring Safety and Reliability.
1 年The next porks will be driven through the village. Take a look on Basel III there is clear posted Gold as an 0 risk assest. Bitcoin I never seen in such kind of letter.
Dynamic Leader | Senior Project Manager, Development, Land Services Central United States, NextEra Energy, Inc.
1 年Bitcoin is Digital Gold and the only asset in the world that has similar qualities to Gold.