Larry

Future

BlackRock

BlackRock CEO Larry Fink said investors are turning to gold and cryptocurrency out of fear that their assets are losing value amid growing concerns over global financial stability.“Owning crypto assets or gold are assets of fear,” BlackRock CEO Larry Fink <a href="https://www.youtube.com/watch?v=rGR0MQJhIns" rel="noopener noreferrer nofollow">said</a> at the Future Investment Initiative (FII) conference in Saudi Arabia, according to a livestream by DWS News.“You own these assets because you’re frightened of the debasement of your assets,” Fink said, adding that investors are worried about the financial and physical security of their assets.Fink’s comments came after gold took another slide on Monday, with spot prices tumbling below $4,000 after <a href="https://cointelegraph.com/news/gold-worst-day-decade-wipes-2-5-trillion-bitcoin-dips" rel="noopener noreferrer nofollow">touching all-time highs above $4,377</a> a week ago, <a href="https://www.tradingview.com/symbols/XAUUSD/?timeframe=1M" rel="noopener noreferrer nofollow">according</a> to TradingView data.<h2 id="the-need-for-dollar-sales-is-the-biggest-issue">The need for dollar sales is the “biggest issue”</h2>Addressing key concerns in the US economy, BlackRock’s Fink said that his biggest concern is the US dependency on selling dollars to international investors.“We still are a nation that needs 30% to 35% of all our Treasury sales going overseas, and, to me, that’s the biggest issue today,” Fink said at a panel at FII.“If that ever changed, it has a multiplier effect because of the dependency on selling dollar-based assets to foreigners,” he added, noting the need to unlock private capital.<figure><img src="https://s3.cointelegraph.com/uploads/2025-10/019a2a93-944e-7f0e-9270-e45cf17f75af" title="" alt="BlackRock CEO reveals central banks’ top question as gold dips below $4K"><figcaption style="text-align: center;">BlackRock CEO Larry Fink at the Future Investment Initiative in Riyadh. Source: YouTube</figcaption></figure>At the event, Fink also addressed the biggest concerns of global central banks, which have <a href="https://cointelegraph.com/news/gold-buying-rise-mirror-bitcoin-momentum-deutsche-bank" rel="noopener noreferrer nofollow">increasingly been hoarding gold</a>, marking a major emerging shift in global finance this year.<h2 id="central-banks-biggest-question">Central banks’ biggest question</h2>“I would say the biggest question from central banks is what role tokenization and digitization will play,” Fink said, referring to the many challenges central bankers worldwide face in navigating the emerging <a href="https://cointelegraph.com/explained/tokenization-explained" rel="noopener noreferrer nofollow">tokenization industry</a>.He highlighted some of the pressing questions, such as how quickly central banks should digitize their own currencies, the implications for the US dollar and the impact on payment systems, among others.<figure><img alt="Central Bank, Gold, Bitcoin Price, Inflation, BlackRock, Tokenization" src="https://s3.cointelegraph.com/uploads/2025-10/019a2a9b-df10-74c5-a2b7-56a9ba722592" title=""><figcaption style="text-align: center;">Gold’s share of central bank reserves reached 24% in Q2 of 2025. Source: Deutsche Bank</figcaption></figure>“I think we spend so much time talking about AI. We’re not spending enough time talking about how quickly we’re going to tokenize every financial asset,” the BlackRock CEO said, adding:<blockquote> “And I think that’s going to happen worldwide very rapidly. And I think most countries are ill prepared for that and under-appreciate how technology is changing that.”
</blockquote>Fink’s latest insights on the role of tokenization, as well as on assets such as crypto and gold, align with his long-standing view that all <a href="https://cointelegraph.com/news/blackrock-tokenization-digital-assets-crypto-shift" rel="noopener noreferrer nofollow">traditional financial assets would likely be tokenized</a> over the coming decades.Related: <a href="https://cointelegraph.com/news/bitcoin-no-inflation-hedge-but-weak-dollar-pushes-it-up-nydig" rel="noopener noreferrer nofollow">Bitcoin is no inflation hedge but thrives when the dollar wobbles: NYDIG</a>Apart from being the world’s largest investment company, BlackRock is also among the largest holders of Bitcoin (<a rel="noopener noreferrer nofollow">BTC</a>), though solely on behalf of its clients.As of Monday, BlackRock’s iShares Bitcoin Trust fund <a href="https://www.ishares.com/us/products/333011/ishares-bitcoin-trust" rel="noopener noreferrer nofollow">held</a> 805,806 BTC — about 26% more than the <a href="https://cointelegraph.com/news/strategy-buys-778-bitcoin-october-buying-activity-slowdown" rel="noopener noreferrer nofollow">entire BTC holdings of Strategy</a>, the world’s largest public holder of Bitcoin.Magazine: <a href="https://cointelegraph.com/magazine/benjamin-wallace-mysterious-mr-nakamoto-review/" rel="noopener noreferrer nofollow">Mysterious Mr Nakamoto author: Finding Satoshi would hurt Bitcoin</a>

BlackRock CEO reveals central banks’ top question as gold dips below $4K

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