BlackRock Marching Towards Crypto


The article refers to Fink as a former crypto skeptic but I tend to believe Fink is among those who has known for a good amount of time the dangers Bitcoin and cryptocurrency pose to vile corps such as BlackRock which is notorious for purchasing each and every single family home under the US sun they can buy over the past year or two. At this moment, the profits are too large to deny and Fink and co. must acquiesce so here we are.

The Chief Executive Officer of BlackRock – Larry Fink – was nowhere near that supportive of the cryptocurrency universe back in the days. In 2017, he described bitcoin as an “index of money laundering,” putting his name next to the likes of Warren Buffett and Jamie Dimon, who are prominent critics of the primary digital asset.

However, a few years later, Fink started softening his tone on the matter. In 2020, he said bitcoin had caught the attention of broad society, predicting that it could emerge as a global market. Fink went further, opining that BTC’s advancement could even threaten the US dollar’s dominance as the world’s reserve currency.

Last year, the CEO doubled down on his support, forecasting that the digital asset could become a reliable source of value. All it needs is time to endure and prove itself, he added.

In a recent interview, he displayed his stance once again, saying BlackRock is currently “studying digital currencies, stablecoins, and the underlying technologies to understand how they can help us serve our clients.” Fink further noted that customers’ interest in the sector had surged lately.

Master Asked on April 15, 2022 in Cryptocurrency.
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