US EditionBlackRock CEO Says There Is a Role for Crypto Like There Is for Gold
BlackRock's Bitcoin ETF became the largest crypto fund with $93.9 billion, reflecting growing institutional acceptance despite ongoing cautions from CEO Larry Fink.
- On Sunday, BlackRock CEO Larry Fink framed Bitcoin as a legitimate alternative akin to gold, while the iShares Bitcoin Trust ETF grew to more than $93.9 billion.
- With growing institutional demand and macro uncertainty, Larry Fink re-evaluated his assumptions and shifted to a more conciliatory tone from 2023, according to BlackRock.
- The ETF structure lets ordinary investors buy Bitcoin on exchanges, with about half the demand from retail investors new to iShares, though Larry Fink, BlackRock CEO, urged caution.
- Amid platform warnings, Bitcoin price slid from more than $115,000 on Monday, after dropping from $121,000 on Friday, triggering nearly $20 billion in liquidations.
- This year, policy moves have accelerated as Larry Fink flagged Bitcoin as a potential alternative to the U.S. dollar, while Congress passed the GENIUS Act and Bitcoin's fixed supply supports its scarcity appeal.
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BlackRock CEO says there is a role for crypto like there is for gold
BlackRock CEO Larry Fink said over the weekend that Bitcoin has a place like gold does and that it’s not a bad asset.
BlackRock CEO Larry Fink Reassesses Bitcoin, Calls It ‘Not a Bad Asset’
BlackRock CEO Larry Fink has officially softened his stance on Bitcoin, marking a significant shift in sentiment from one of Wall Street’s most influential figures. In a recent interview with CBS’s 60 Minutes, Fink described Bitcoin as “not a bad asset,” admitting that both he and the global investment community have undergone a “reassessment” of the cryptocurrency’s role in modern finance. Fink’s comments come as a surprise to many observers, g…
BlackRock CEO Larry Fink now refers to Bitcoin as “digital gold”
BlackRock CEO Larry Fink has referred to Bitcoin as a “digital gold” and acknowledged that the cryptocurrency now serves as a legitimate alternative asset, reversing his earlier skepticism toward digital currencies. Fink said that he had to review his assumptions about BTC after calling it an “index of money laundering” in 2017. He now sees the coin as an alternative asset, but still warns investors not to overexpose their portfolios to it. Larr…
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