Larry Fink, CEO of investment management giant BlackRock, believes digitized currencies will be beneficial to “consumers around the world.”
In an interview with CNBC on Wednesday, Larry Fink revealed that as BlackRock, they are studying blockchain technology and the “crypto concept” in general, which could play a “big role” in the future.
“I believe a digitalized currency can play a big role, benefiting consumers around the world. Time will tell whether it will be bitcoin or an official digital currency — a digital dollar.”
Announcing its third quarter results today, BlackRock exceeded the expectations of $4.82 billion in total. Over $5 billion in revenue announced that he had Total under the management of the company as of September 30, 2021 $9.4 trillion entity exists.
Time will tell what will happen in the long run.
In crypto and blockchain-connected and digitized currencies “great opportunities” Saying that he saw it, Fink did not make a definite statement about the future of the bitcoin (BTC) price, “I can’t tell if the price will go to $80,000 or to zero.” said.
Fink noted that his views on this point are similar to those of JPMorgan CEO Jamie Dimon, who says he “doesn’t care about and doesn’t buy bitcoin”. Dimon, to these explanations, “But that doesn’t mean the price can’t double 10 in the next five years.” He added his comment.
BlackRock, the world’s largest asset manager, according to SEC filings this summer Marathon Digital Holdings and Riot Blockchain including from two mining companies It has a share of approximately 400 million dollars.
The company stated in another statement in January that cash-settled bitcoin futures contracts could be added to the two funds it manages.
“We’ll see if this ends well in the long run or not.” said Fink. “big gains” achieved, and some “big losses” He insisted that he would live.