Blackrock CEO Larry Fink: Bitcoin Makes US Dollar Less Relevant, Can Evolve I...
The CEO of Blackrock, the world’s largest asset manager, said that bitcoin “can evolve into a global market.” Moreover, the cryptocurrency has a “real impact on the U.S. dollar,” making the need for the USD “less relevant.” Bitcoin Evolving Into a Global Market Blackrock CEO Larry Fink made some bullish statements about bitcoin in a conversation with former Bank of England Governor Mark Carney at the Council on Foreign Relations symposium on Tuesday. Blackrock is the world’s largest asset manager with over $7 trillion in assets under....
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BlackRock CEO, Larry Fink, says that the US dollar risks losing its dominance to Bitcoin, a sentiment shared by political heavyweights like Senator Cynthia Lummis. We take a look at how pro-crypto assertions like these could help rally the market and fuel new crypto projects like Solaxy ($SOLX) and Bitcoin Bull Token ($BTCBULL). How Bitcoin […]
The world’s largest asset manager with $9.5 trillion under management, Blackrock, sees “very little” demand for cryptocurrencies, including bitcoin, according to CEO Larry Fink. Blackrock’s CEO Talks About Crypto Demand Larry Fink, the CEO of Blackrock, the world’s largest asset manager, talked about bitcoin on CNBC Wednesday as his firm announced a better-than-expected quarterly profit. Blackrock’s assets under management jumped to a record $9.49 trillion in the second quarter from $7.32 trillion a year earlier. Reiterating his previous stance on....
Larry Fink believes Bitcoin may evolve into a global market. Blackrock CEO Larry Fink says Bitcoin (BTC) is on his company’s radar following the cryptocurrency’s rapid appreciation over the past few months.Speaking Tuesday at the Council on Foreign Relations alongside former Bank of England governor Mark Carney, Fink reportedly said:“Bitcoin has caught the attention and the imagination of many people. Still untested, pretty small relative to other markets.”He then added:“Can it evolve into a global market? Possibly.”Fink isn’t the only BlackRock executive touting Bitcoin’s potential value.....
Larry Fink said he was fascinated with the media hype surrounding Bitcoin but expressed concerns about the crypto asset's volatility and market size. Just one week after asset manager Blackrock appeared to be preparing to invest in Bitcoin futures, CEO Larry Fink has some mixed messages on crypto.In an interview with Bloomberg on Wednesday, Fink referred to Bitcoin (BTC) as a volatile asset within "a very small market." The CEO’s remarks continued, with fascination over the media coverage of Bitcoin, given that the “asset category is so small compared to other asset categories.”“[Bitcoin]....
In fresh, albeit mixed, comments on Bitcoin, Larry Fink reiterated excitement about the future of cryptocurrency — and does not dismiss the idea that the success story could be BTC. The chairman of multi-billion-dollar United Stated investment management corporation BlackRock “probably” agrees that Bitcoin (BTC) has no value.In an interview with CNBC on Oct. 13, Larry Fink issued a tentative agreement with JPMorgan CEO Jamie Dimon on Bitcoin’s true worth.Fink: “I can’t tell” if Bitcoin is going to $80,000 or zeroFamed for his allusions to Bitcoin over the years, Fink, who maintains that he....