Larry Fink continues to promote Bitcoin (BTC).

BlackRock : Larry Fink continue de faire la promotion du Bitcoin (BTC)

Bitcoin (BTC) seems to be falling into the hands of BlackRock CEO Larry Fink. Expressing confidence in his demand for a spot Bitcoin ETF, he called the king of cryptocurrencies an “international asset” with “differential value” compared to other asset classes. Fink also pointed out that BTC, as an international crypto commodity, could surpass any currency.

CEO of BlackRock conquered by Bitcoin?

Although BlackRock, the world’s largest asset manager, started the race for the spot Bitcoin ETF in the United States last month, its CEO Larry Fink continues to push Bitcoin (BTC).

In an interview with CNBC, Larry Fink, who had to take a grain of salt and not mention the word “Bitcoin” because of the constant demand for ETFs, said that the king of cryptocurrencies ” an international asset » and that it was « it has a differential value compared to other asset classes, but more importantly, because it is so international, it will be beyond any currency “.

Far from trivial, this statement follows the surprise departure of BlackRock’s CEO in early July, when he called BTC “digital gold”. During the second, he highlighted the interest in offering Bitcoin as an alternative to gold physical as a store of value, especially to protect against inflation.

So the BlackRock boss promoted Bitcoin again, driving the point home again about it the devaluation of the dollar :

“If you look at the value of our dollar, how it’s depreciated in the last 2 months and how much it’s been in the last 5 years, an international crypto product can really beat that. That’s why we think there are great opportunities. And that’s why we’re seeing more and more interest. And this interest is widespread, globally. »

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BTC ETFs as a vehicle for adoption

Referring to his spot Bitcoin ETF application filed last month, Larry Fink said BlackRock owed it ” the investment of democracy » and for that, cryptocurrencies had « differential value » compared to other assets. The CEO also took the opportunity to show his confidence in his application for the ETF :

“We have done a good job and the role of ETFs in the investment world is changing. And we are only at the beginning. We work with our regulators because, like any new market, if the BlackRock name is there, we’re going to make sure it’s safe, strong and protected. »

Beyond cryptocurrencies in general or BTC, the CEO of BlackRock was also very confident about signalinga process that also directly uses the blockchain, which he believes should be the benchmark for securities:

“The next generation for markets, the next generation for securities, is signaling. »

For your information, BlackRock currently manages over $9.5 trillion in assets.

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Source: CNBC

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