BlackRock CEO Larry Fink Declares Bitcoin a “Legitimate Financial Instrument”
- BlackRock CEO Larry Fink endorses Bitcoin as a legitimate financial instrument.
- Fink’s endorsement marks a significant shift from his earlier skepticism towards cryptocurrencies.
- BlackRock’s Bitcoin ETF sees a $117M inflow following Fink’s bullish statement.
In a Monday interview with CNBC, Larry Fink, CEO of BlackRock, strongly endorsed Bitcoin, calling it a “legitimate financial instrument.” This statement marked a notable shift from Fink’s earlier skepticism towards cryptocurrencies.
During the interview, Fink detailed his journey from crypto skeptic to Bitcoin proponent. He acknowledged that his views from five years ago were misguided and emphasized how his extensive study of Bitcoin led him to recognize its potential.
“I believe Bitcoin is legitimate. I’m not saying there aren’t misuses, like with everything else, but it is a legitimate financial instrument that offers potentially uncorrelated returns,” Fink stated.
This bullish statement drew the attention of other tech industry leaders, including Michael Dell, the CEO of Dell Technologies, who described it as “fascinating.”
The post BlackRock CEO Larry Fink Declares Bitcoin a “Legitimate Financial Instrument” appeared first on Coin Edition.
