Source: CryptoNewsNet
Original Title: BlackRock CEO Larry Fink Makes Major Confession as Bitcoin (BTC) Rises! Here Are the Details…
Original Link:
Larry Fink, CEO of BlackRock, the world’s largest asset management company managing $12 trillion, made important statements about Bitcoin (BTC).
Larry Fink, who has stated for many years that Bitcoin is not a legitimate asset, has recently been praising BTC.
Fink has retracted his previous skepticism about Bitcoin, admitting that his initial view was wrong.
Stating that Bitcoin is an important asset for portfolio diversification, Fink compared it to gold:
“My initial perspective on Bitcoin was wrong. I think Bitcoin can be used as a portfolio diversification tool.”
Larry Fink, who later described Bitcoin as a “fear asset,” argued that BTC was an asset that quickly priced in fluctuations in the global geopolitical environment.
Citing its price movements during trade tensions as an example, Fink said, “Bitcoin reflects changes in global tensions. This shows how quickly perceptions can change in the cryptocurrency market.”
BlackRock CEO made similar remarks in his previous statements, stating that Bitcoin is an important hedge against fiat currency devaluation and plays the same role as gold.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BlackRock CEO Larry Fink Makes Major Confession as Bitcoin (BTC) Rises! Here Are the Details…
Source: CryptoNewsNet Original Title: BlackRock CEO Larry Fink Makes Major Confession as Bitcoin (BTC) Rises! Here Are the Details… Original Link: Larry Fink, CEO of BlackRock, the world’s largest asset management company managing $12 trillion, made important statements about Bitcoin (BTC).
Larry Fink, who has stated for many years that Bitcoin is not a legitimate asset, has recently been praising BTC.
Fink has retracted his previous skepticism about Bitcoin, admitting that his initial view was wrong.
Stating that Bitcoin is an important asset for portfolio diversification, Fink compared it to gold:
Larry Fink, who later described Bitcoin as a “fear asset,” argued that BTC was an asset that quickly priced in fluctuations in the global geopolitical environment.
Citing its price movements during trade tensions as an example, Fink said, “Bitcoin reflects changes in global tensions. This shows how quickly perceptions can change in the cryptocurrency market.”
BlackRock CEO made similar remarks in his previous statements, stating that Bitcoin is an important hedge against fiat currency devaluation and plays the same role as gold.