Bitcoin

Larry Fink, CEO of BlackRock, the world&#39;s largest asset management firm, has recently expressed a more favorable view of Bitcoin, likening it to &#34;digitizing gold”. Fink&#39;s comments came during an <a href="https://www.foxbusiness.com/video/6330640643112" rel="noopener noreferrer nofollow">interview</a>with Fox Business on Wednesday, where he discussed BlackRock&#39;s recent <a href="https://listingcenter.nasdaq.com/assets/rulebook/NASDAQ/filings/SR-NASDAQ-2023-016_Resubmission.pdf" rel="noopener noreferrer nofollow">filing</a>for a spot Bitcoin ETF and the firm&#39;s ongoing dialogue with regulators.Fink, who once <a href="https://www.cnbc.com/2017/10/13/blackrock-ceo-larry-fink-calls-bitcoin-an-index-of-money-laundering.html" rel="noopener noreferrer nofollow">described</a>Bitcoin as an &#34;index of money laundering&#34; back in 2017 when it was trading at just $5,800, now sees the leading cryptocurrency as a potential game-changer in the finance sector. He emphasized that Bitcoin is an international asset, not tied to any one currency, and could serve as an alternative investment for hedging against inflation or local currency devaluation.Highlighting the importance of the flagship cryptocurrency, Fink asserted:&#34;Bitcoin can represent an asset that people can play as an alternative. We believe that if we can create more tokenization of assets and securities – that&#39;s what Bitcoin is – it could revolutionize finance.&#34;The BlackRock CEO also addressed the firm&#39;s recent filing for a spot Bitcoin ETF, a move that was quickly followed by other asset managers, including Fidelity. The filing has sparked a wave of optimism in the crypto space, with digital asset funds recording hundreds of millions of dollars of inflows since the announcement.-Read full article at <a href="https://cryptotale.org/black-rock-ceo-sees-bitcoin-as-digital-gold-pushes-for-crypto-access/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Black Rock CEO Sees Bitcoin as 'Digital Gold,' Pushes for Crypto Access

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