Official announcements from institutional investors or financial news outlets

BlackRock CEO Larry Fink Declares Bitcoin an Asset Class During Q3 Earnings Call, Engages Institutions for Allocations

Oct 14, 2024, 08:01 PM

Larry Fink, CEO of BlackRock, the world's largest asset management firm, stated during the company's Q3 earnings call that Bitcoin is considered an asset class in itself, distinguishing it from other commodities such as gold. Fink emphasized that the firm is actively engaging with institutions globally regarding potential allocations to Bitcoin. His remarks underscore a growing recognition of Bitcoin's unique position in the financial landscape, as BlackRock continues to explore opportunities in the cryptocurrency space.