BlackRock CEO Larry Fink says Bitcoin could evolve into a global market asset
BlackRock CEO Larry Fink speaks about Bitcoin at Council on Foreign Relations, saying it has caught attention and imagination of many people.
On December 1, 2020, BlackRock CEO Larry Fink says Bitcoin could evolve into a global market asset. BlackRock CEO Larry Fink speaks about Bitcoin at Council on Foreign Relations, saying it has caught attention and imagination of many people.
As head of the world's largest asset manager, Fink's perspectives carried enormous weight with institutional investors, and his acknowledgment of Bitcoin's potential legitimized cryptocurrency for conservative investors who looked to BlackRock for guidance on asset allocation and market trends. The comments suggested BlackRock was seriously studying Bitcoin and might eventually offer cryptocurrency products or services to meet client demand, which would represent a watershed moment for institutional Bitcoin adoption given BlackRock's influence and scale.