Loading...
Loading...
Browse all stories on DeepNewz
VisitBlackRock CEO Larry Fink Endorses Bitcoin as Legitimate Financial Instrument and Digital Gold at $63K
Jul 15, 2024, 03:50 PM
Larry Fink, CEO of BlackRock, has publicly endorsed Bitcoin, describing it as a legitimate financial instrument and digital gold. Fink, who oversees $10 trillion in assets, admitted on CNBC that he was previously a skeptic but changed his stance after studying Bitcoin. He highlighted Bitcoin's ability to provide uncorrelated returns and serve as a hedge against currency debasement. Fink also noted that career risk for asset managers not holding digital assets is increasing. Additionally, he stated that Bitcoin is trading at $63K. Fink's remarks underscore a significant shift in the perception of Bitcoin within traditional finance, with BlackRock's involvement further legitimizing the cryptocurrency.
View original story
Markets
No • 50%
Yes • 50%
Market cap data from CoinMarketCap or CoinGecko
Yes • 50%
No • 50%
Official announcement from BlackRock or SEC filings
No • 50%
Yes • 50%
BlackRock's official financial statements or disclosures
Bitcoin drops to #3 • 25%
Bitcoin remains #1 • 25%
Bitcoin drops to #4 or lower • 25%
Bitcoin drops to #2 • 25%
Market cap data from CoinMarketCap or CoinGecko
AUM remains the same or decreases • 25%
AUM increases by less than 50% • 25%
AUM increases by more than 100% • 25%
AUM increases by 50-100% • 25%
BlackRock's official financial statements or disclosures
No, Bitcoin does not reach a new all-time high • 25%
Yes, and the new all-time high is above $70,000 • 25%
Yes, and the new all-time high is between $60,000 and $70,000 • 25%
Yes, and the new all-time high is below $60,000 • 25%
Price data from CoinMarketCap or CoinGecko