The CEO of the global investment management firm, BlackRock, Larry Finkonce again reaffirmed his enthusiasm for Bitcoin. He highlighted that BTC is different to any other type of asset and “will outperform all currencies in the world.”
During an interview on CNBC, Larry Fink delved into how Bitcoin aligns with BlackRock’s mission. According to the CEO, this cryptocurrency would allow the investment fund create affordable or “easy to use” financial productswhich would help democratize investment and attract more investors.
Fink added the following: “Has a unique value compared to other asset classes, but more importantly, being so global, it will outperform any coin. We have a responsibility to democratize investment. We have made significant progress and ETFs are transforming the landscape of investment worldwide.
The CEO of BlackRock stated that will seek to democratize investment in Bitcoin through an exchange-traded fund or spot ETF. Furthermore, he noted that a Bitcoin ETF would be “transformative” for investors and that, if approved, would mark an important milestone.
Bitcoin: The BlackRock ETF
BlackRock was one of the drivers of the Bitcoin rally, leading him to break the $29,000 barrier and reach $31,000. Larry Fink even referred to Bitcoin as “digital gold”, which is resistant to inflation and economic changes in any country. These claims raised Bitcoin price forecasts to as high as $35,000.
In their most recent quarterly reports, BlackRock posted earnings per share of $9.28 and revenue of $4.46 billion, keeping assets under management worth 9 trillion dollars. Larry Fink had previously mentioned that cryptocurrencies would help diversify the investment portfolios of the fund manager’s clients.
Larry Fink aims to pave the way for worldwide investment in Bitcoin. Furthermore, he reiterated the importance of working together with regulators, saying: “We are collaborating with regulators because, as in any new marketIf BlackRock’s name is involved, we’ll make sure he’s protected and safe.”
Recently, Fink emphatically stated that Bitcoin is the “digital goldor even an “international asset.” The BlackRock CEO has already made clear his desire to work closely with the SEC to understand and address regulators’ concerns. joins a growing number of financial players who have changed their stances on Bitcoin.
Source: Ambito

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