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Larry Fink, CEO of BlackRock: Bitcoin is Like Digital Gold, a Massive Long-Term Store of Value

Larry Fink, CEO of BlackRock: Bitcoin is Like Digital Gold, a Massive Long-Term Store of Value

2024/01/12 22:07

Larry Fink, CEO of BlackRock, stated in an interview with FOX Business that he began to view Bitcoin more positively three years ago. He suggested that if people are concerned about government-induced currency devaluation, Bitcoin could be seen as a massive potential long-term store of value, similar to digital gold. Fink also mentioned, "Bitcoin is an international ledger; it's cross-border, it's bigger than any one government. There are a lot of bad actors in all start-ups, but I think it's becoming more legitimate. The fact that we have a spot ETF on Bitcoin is an example of that, showing that we're legitimizing it, we're creating more safety."

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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