BlackRock CEO Reportedly Becomes Bitcoin Believer After Research

IconCryptoNewsTerminal Staff15 Jul, 2024

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BlackRock CEO Reportedly Becomes Bitcoin Believer After Research

Larry Fink, the CEO of BlackRock, has reportedly become a believer in Bitcoin after studying the cryptocurrency. Fink made the comments in an interview with CNBC. In the interview, Fink said that he had been studying Bitcoin for some time and that he had come to believe that it has the potential to be a "real asset." He also said that he believes that Bitcoin is "here to stay" and that it is "not going away." Fink's comments are a significant development, as BlackRock is the world's largest asset manager, with over $10 trillion under management. His comments suggest that there is growing interest in Bitcoin among institutional investors. It is important to note that Fink's comments do not necessarily mean that BlackRock will start investing in Bitcoin. However, his comments do suggest that BlackRock is taking Bitcoin seriously and that the company may be open to investing in the cryptocurrency in the future.

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