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Market
What will be Bitcoin's market cap ranking among global assets by end of 2024?
3
Resolution / Starting Odds
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Market cap data from financial market data providers
Story
BlackRock CEO Declares Bitcoin a Distinct Asset Class, Rivaling Gold
Oct 14, 2024, 08:33 PM
BlackRock CEO Larry Fink has declared that Bitcoin is now considered an asset class in itself, comparable to commodities like gold. Speaking during BlackRock's Q3 earnings call, Fink emphasized that Bitcoin and other digital assets are gaining recognition and are seen as distinct asset classes. He highlighted that Bitcoin's growth is driven by factors such as liquidity, transparency, and advanced analytics. Fink also mentioned that BlackRock, the world’s largest asset manager, is engaging with institutions worldwide regarding Bitcoin allocations, indicating a broadening acceptance of digital assets in the financial sector.
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