Larry Fink, CEO of BlackRock, the world’s largest asset manager, said that Bitcoin (BTC) could revolutionize the financial world.
CEO Larry Fink In a statement to Fox Business on Wednesday, July 5, he made statements that excited Bitcoin investors. Bitcoin in terms of investment an international alternative Fink also stated that has the power to digitize gold stressed that.
In the continuation of his speech, the speech made by BlackRock at the beginning of June spot Bitcoin exchange-traded fund (ETF) Referring to his application, the CEO said, are in close contact with regulatory agencies expressed. Reminding that they have a good track record in ETF, Fink said for the spot Bitcoin ETF. positive kept his demeanor.
Behind the steps of Bitcoin, the crypto industry is more democratic And functional He continued his statement with the following statements while stating that they aim to make
What we’re trying to do with crypto is to make it more democratic and much cheaper for investors. Currently, the buy-sell range for crypto is very open. It erodes most of the returns. We hope our regulators will look at these applications as a way to democratize crypto.
Personally in hand Does not hold bitcoin The CEO, who is not afraid to say, still said that this technology the ability to digitize gold revealed that he had it. The CEO also protect investors against inflation. as an instrument financial revolution He said he could create:
We believe that Bitcoin can revolutionize finance if we can achieve greater tokenization of securities. Let’s be clear, Bitcoin is an international asset and can function like an investment in gold to hedge against inflation. Bitcoin is not backed by any currency and therefore can represent an asset that people can invest in as an alternative.