- Larry Fink declared in an interview with the media that cryptocurrency is an international asset. In fact, Bitcoin has the potential to surpass any world currency.
- Prior to this, the CEO of BlackRock was a staunch skeptic. Now he is interested in asset tokenization and considers Bitcoin the best option for risk hedging.
The CEO of BlackRock, Larry Fink, is confident that Bitcoin has the ability to surpass any world currency due to high demand. He stated this during an interview for CNBC’s Squawk Box:
“I believe that cryptocurrency as a whole is an international asset. And Bitcoin, thanks to its extensive demand, can surpass any world currency. Just look at the dollar exchange rate over the past two months and five years. A transparent international investment product based on cryptocurrency can surpass that.”
He also added that large counterparties and institutional investors are responsible for the democratization of investments. Previously, this role was fulfilled by the gold market, but according to Fink, it is now losing ground to cryptocurrency.
“We believe this is just the beginning. That’s the reason for our interest. There will be even more opportunities,” he emphasized.
MicroStrategy founder Michael Saylor reacted to Fink’s interview.
Until the moment when BlackRock filed an application for the registration of a spot Bitcoin ETF, Larry Fink remained a skeptic. A few years ago, he claimed that his company was not interested in cryptocurrency, but then changed his mind.
Now, the CEO of BlackRock is confident that Bitcoin can truly revolutionize the world of finance. And supposedly, it even surpasses gold as a hedge asset.
