Bitcoin

<p>In 2017, Larry Fink, CEO of asset management company BlackRock, was scathing about bitcoin. In particular, he criticized the crypto queen as a mafia asset, useful for laundering money. Now, his views on bitcoin’s usefulness have changed dramatically.</p> 
<h2 id="h-blackrock-ceo-praises-bitcoin-for-its-relevance">BlackRock CEO praises bitcoin for its relevance</h2> 
<p>Only fools don’t change their minds, they say. Larry Fink, CEO of <a href="http://cointribune.com/etf-bitcoin-le-pari-audacieux-de-blackrock/">BlackRock</a>, confirmed this popular adage in an interview on Wednesday, July 5. In this interview, he spoke about the importance of bitcoin (BTC).</p>
<div class="my-4">
 <div class="ads "> 
 </div> 
</div> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Trending <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> News <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f913.png" alt="🤓" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>BlackRock Boss Larry Fink Praises Bitcoin for ‘Digitizing Gold’<a href="https://twitter.com/hashtag/cryptonews?src=hash&amp;ref_src=twsrc%5Etfw">#cryptonews</a> <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> <a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw">#cryptocurrency</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a><br><br>Follow for more <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/ctEQC7uxbM">pic.twitter.com/ctEQC7uxbM</a></p>— cryptowise.finance (@cryptowise_fin) <a href="https://twitter.com/cryptowise_fin/status/1676742874925342721?ref_src=twsrc%5Etfw">July 6, 2023</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div> 
 </div>
</figure> 
<p><a href="http://decrypt.co/147409/larry-fink-blackrock-ceo-bitcoin-digitizing-gold-international-asset">According to him</a>, the asset is becoming increasingly valuable from an economic and financial point of view. And the queen of cryptos is said to have gained so much importance that it could rival gold in terms of store of value.</p> 
<p><em>“I think the role of crypto is it is digitalizing gold in many ways. Instead of investing in gold as a headge against inflation, let’s be clear Bitcoin is an international asset”</em>, the CEO dropped, bluntly.</p> 
<p>Larry Fink’s position on the usefulness of bitcoin is new, to say the least. A few years ago, in fact, the financier made some shock statements about the queen of cryptos.</p> 
<p>“Bitcoin just shows you how much demand for money laundering there is in the world”<em>,&nbsp;</em>he had criticized. A stance that made him a detractor of bitcoin and cryptos as a whole.</p> 
<p>But the executive’s change of heart on bitcoin may not be coincidental. It may be linked to the recent news surrounding the Bitcoin ETF procedure launched by his company.</p> 
<p>The fact that this move was formalized despite the regulator’s clear opposition to such procedures is not insignificant. At some point, Larry Fink realized the potential of <a href="http://cointribune.com/pourquoi-les-investisseurs-institutionnels-sinvestissent-ils-dans-le-bitcoin-btc/" target="_blank" rel="noreferrer noopener">this asset, so popular with investors</a>.</p>

Bitcoin (BTC): BlackRock CEO turns the tables on the flagship crypto’s appeal

Table of Contents

Cointribune EN

Other articles published on Jul 7, 2023

The Second Rarest Bored Ape Sold for just 200 ETH Today

Kraken CEO’s Home Searched by the FBI Over Hacking Allegations

Most Secure Cryptocurrencies For July: VC Spectra, Monero, And Tron

Win Big with FART COIN: Find the missing ticket and claim incredible rewards!

Litecoin Jumps 25% in 24hrs, While Anarchy Keeps Smashing Presale Record

Sui Blockchain’s Launchpad YouSUI Announces Partnership with Kriya DEX to Bring Efficient DeFi Tr...

Join our free newsletter for daily crypto updates!