BlackRock CEO Larry Fink, previously known to be a crypto skeptic, said in an interview with Fox Business that he believes Bitcoin could “revolutionize finance.”
Larry Fink Suggested That If More Assets and Securities Were Tokenized, It Could Change The Financial System
BlackRock CEO Larry Fink, previously known to be a crypto skeptic, said in an interview with Fox Business that he believes Bitcoin could “revolutionize finance.”
He suggested that if more assets and securities were tokenized, it could change the financial system. Fink also noted that Bitcoin could be an alternative asset for investors who want to hedge against inflation and currency devaluation.
Fink said:
“Bitcoin is an international asset, it’s not based on any one currency and so it can represent an asset that people can play as an alternative.”
BlackRock's iShares unit recently filed with the SEC for a spot Bitcoin ETF, but Fink couldn't predict whether it would be approved, despite BlackRock’s track record of getting approval. Despite Fink's bullish comments, the price of BTC did not move much and remained under $30,500, retracing from the highs of $31.3K it hit on Monday.
