BlackRock CEO Larry Fink Calls Bitcoin a "Hedge Against Debasement" as IBIT Crosses 781,000 BTC

BlackRock CEO: Bitcoin Is “Digital Gold” — Not a Currency

Speaking in an interview with Citi, Fink said Bitcoin carries “legitimacy” through its underlying blockchain technology but compared it to gold rather than money used for everyday transactions. Bitcoin as a Hedge, Not a Currency Fink argued that Bitcoin is often bought in times of fear, whether from concerns over currency debasement or national security. In his view, that demand dynamic makes it a “currency of fear,” one that protects wealth rat…

From Skeptic to Believer: BlackRock’s Larry Fink Embraces Bitcoin as Hedge Against Currency Risks - Blockonomi

TLDR: Blackrock’s Fink, once a skeptic of Bitcoin, now sees it as a “digital gold” and a hedge against currency risks. BlackRock’s iShares Bitcoin Trust has become the second-largest institutional Bitcoin holder, with over 781,000 BTC. Fink’s perspective on Bitcoin evolved after witnessing its utility during crises, such as in Afghanistan. Bitcoin’s growing role in global finance reflects a broader trend of institutional adoption, positioning i…

BlackRock CEO Larry Fink Calls Bitcoin a "Hedge Against Debasement" as IBIT Crosses 781,000 BTC

BlackRock CEO Larry Fink now calls Bitcoin “digital gold” and a hedge against currency debasement IBIT ETF has become the world’s #2 Bitcoin holder, with over 781,000 BTC in its treasury Fink says his view changed after seeing Bitcoin’s real-world utility as a store of value in unstable regions BlackRock CEO Larry Fink has again reaffirmed his bullish stance on Bitcoin, calling it a “currency of fear” and a modern form of “digital gold.”  In an …