BlackRock CEO Larry Fink seems increasingly won over by Bitcoin (BTC). While expressing confidence in his demand for a spot Bitcoin ETF, he called the king of cryptocurrencies an “international asset” with “differential value” compared to other asset classes. Fink also pointed out that BTC, as an international crypto commodity, could transcend any currency.
BlackRock CEO conquered by Bitcoin?
While BlackRock, the world’s largest asset manager, kicked off the race for the Bitcoin spot ETF in the US last month, its CEO Larry Fink continues to tout Bitcoin (BTC).
In an interview with CNBC, Larry Fink, who had to take a grain of salt and not mention the word “Bitcoin” due to the ongoing demand for ETFs, said that the king of cryptocurrencies is ” an international asset » and that he « has differential value compared to other asset classes, but more importantly, because it is so international, it will transcend any currency “.
Far from trivial, this statement follows the BlackRock CEO’s surprising exit in early July, when he literally called BTC “digital gold.” During the latter, he had underlined the interest of offering Bitcoin as an alternative to gold physical as a store of value, in particular to protect against inflation.
So the boss of BlackRock once again promoted Bitcoin, driving the point home again about the devaluation of the dollar :
“If you look at the value of our dollar, how it has depreciated in the last 2 months and how much it has appreciated over the last 5 years, an international crypto product can really transcend that. That’s why we think there are great opportunities. And that’s why we’re seeing more and more interest. And this interest is widespread, globally. »
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BTC ETFs as a vehicle for adoption
Referring to his spot Bitcoin ETF application filed last month, Larry Fink said it was BlackRock’s duty to ” democratize investment » and that to this end, cryptocurrencies had a « differential value » compared to other assets. The CEO also took the opportunity to show his confidence in his ETF application :
“We’ve done a good job and the role of ETFs in the world is transforming investing. And we are only at the beginning. We work with our regulators because, like any new market, if BlackRock’s name is there, we’re going to make sure it’s safe, strong and protected. »
Beyond cryptocurrencies in general or BTC, the CEO of BlackRock was also very confident about tokenizationa process also directly using the blockchain, which he believes should become the benchmark for securities:
“The next generation for markets, the next generation for securities, will be tokenization. »
For your information, BlackRock currently manages over $9.5 trillion in assets.
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Source: CNBC
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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