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“Over the last five years, more and more global investors are asking us about the role of crypto—and like I said, I do think a lot of crypto is an international asset.”
“More importantly, because it’s so international, it’s going to transcend any one currency in currency valuation,” he continued, adding that an “international crypto product” can “transcend” the problem of dollar devaluation."
BlackRock CEO Larry Fink: Crypto Will 'Transcend Any One Currency'
The boss of the world’s biggest asset manager today continued to sing Bitcoin’s praises.
finance.yahoo.com
Crypto is akin to "digitizing gold" and bitcoin has the power to "revolutionize" finance, according to BlackRock CEO Larry Fink.
Crypto is 'digitizing gold' and bitcoin has the power to 'revolutionize' finance, BlackRock CEO says
BlackRock CEO Larry Fink's promotion of crypto comes as the investment management giant works on launching a spot bitcoin ETF.
markets.businessinsider.com
Yet, in 2017, he wasn't as enthusiastic:
“Bitcoin just shows you how much demand for money laundering there is in the world,” Fink, the head of the largest asset management firm in the world, said at an Institute of International Finance meeting. “That’s all it is.”
BlackRock CEO Larry Fink calls bitcoin an 'index of money laundering'
The cryptocurrency has been on a tear lately. It hit a record high earlier on Friday, breaking above $5,800. Bitcoin is also up 470 percent this year.
www.cnbc.com
Funny....
On (un)related news Bitcoin halving will happen in 274 days