Bitcoin Is ‘An Asset Of Fear,’ Says BlackRock CEO Larry Fink
BlackRock chairman and CEO Larry Fink has framed Bitcoin’s latest boom-and-bust swing as the clearest expression yet of its core narrative: not a growth asset, but “an asset of fear.” Speaking at the New York Times’ DealBook “Crypto and Capital” event alongside Coinbase CEO Brian Armstrong, Fink contrasted the $13.5 trillion BlackRock manages with the […]
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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....
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 $7 trillion in assets under....
Larry Fink said he hadn't been seeing great institutional demand for crypto within Blackrock's circles. Despite the successful rollout of Coinbase's stock on Wednesday, Blackrock CEO Larry Fink still expressed some concerns over the institutional adoption of crypto.In an interview with CNBC’s Squawk Box on Thursday, Fink said he was "encouraged by how many people were focusing" on crypto and the narrative surrounding it, but he seemed to imply his views were largely unchanged in the wake of a major cryptocurrency exchange going public. "[Crypto] may become a great asset class, and I do....
Larry Fink said he was fascinated with the media hype surrounding Bitcoin but expressed concerns about the crypto asset's volatility and market size. Just one week after asset manager Blackrock appeared to be preparing to invest in Bitcoin futures, CEO Larry Fink has some mixed messages on crypto.In an interview with Bloomberg on Wednesday, Fink referred to Bitcoin (BTC) as a volatile asset within "a very small market." The CEO’s remarks continued, with fascination over the media coverage of Bitcoin, given that the “asset category is so small compared to other asset categories.”“[Bitcoin]....
BlackRock CEO, Larry Fink, says that the US dollar risks losing its dominance to Bitcoin, a sentiment shared by political heavyweights like Senator Cynthia Lummis. We take a look at how pro-crypto assertions like these could help rally the market and fuel new crypto projects like Solaxy ($SOLX) and Bitcoin Bull Token ($BTCBULL). How Bitcoin […]