Previous article BlackRock CEO Larry Fink: ‘crypto is digitalising gold in many ways’ Next article Home Latest Cryptocurrency News BlackRock CEO Larry Fink: ‘crypto is digitalising gold in many ways’ BlackRock CEO Larry Fink: ‘crypto is digitalising gold in many ways’ By Wajeeh Khan - min read 06 July 2023 BlackRock CEO Larry Fink was all praise for BTC in a recent interview. The asset manager refiled for a Spot Bitcoin ETF earlier this week. Bitcoin is currently up close to 90% versus the start of the year. Bitcoin made a new 52-week high this morning after Larry Fink – the Chief Executive of BlackRock Inc agreed that it was a valuable international asset. Fink is now constructive on Bitcoin Fink had once dubbed the BTC an index of money laundering. But in a recent interview with Fox Business, he was all praise for the world’s largest cryptocurrency by market cap. I do believe the role of crypto is digitalising gold in many ways. Instead of investing in gold as a hedge against inflation or the onerous problem of any one country. Earlier this week, the asset manager refiled for a Spot Bitcoin ETF after the U.S. Securities and Exchange Commission asked for more clarity on its initial application. BlackRock Inc currently has about $9.5 trillion worth of assets under management. Is a Spot Bitcoin ETF coming soon? Note that BlackRock has a history of getting regulatory approval for nearly every exchange-traded fund it has ever filed for. That’s important considering many experts forecast a Spot Bitcoin ETF to unlock further upside in Bitcoin. The digital currency is already up close to 90% for the year at writing. BlackRock has already made money investing in BTC and expects the crypto asset to grow further moving forward. According to CEO Larry Fink: The foundation of BlackRock is about hope. You have for retirement because you believe tomorrow is better than today. Share this article Categories Interview Tags Bitcoin ETF Bitcoin News