Wall Street’s view of the crypto market has changed.
(Photo: Moment/Getty Images)
New York, Dusseldorf Larry Fink has never been so crypto-friendly. The head of Blackrock, the world’s largest asset manager, is currently raving about Bitcoin on the major US stock market stations. Most recently at CNBC, he praised the oldest and most important cyber motto as an “international asset” that “transcends individual currencies”.
The interest of Blackrock customers has been increasing for years. It is therefore important that his group makes it easier for investors of all kinds to access Bitcoin.
It’s a remarkable turnaround. In 2017, Fink scoffed at Bitcoin as an “index for money laundering,” speaking to the heart of many on Wall Street. But that’s in the past. Blackrock surprised the scandal-plagued crypto industry in mid-June with plans for its own Bitcoin exchange-traded fund.
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