TradFi shifts perspectives on crypto assets By Cointelegraph
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Recently, Larry Fink, the CEO of BlackRock (NYSE:) asset management fund, talked about crypto in an interview on CNBC. He said that crypto “has a differentiating value versus other asset classes, but more importantly, because it’s so international, it’s going to transcend any one currency.”
BlackRock is now the world’s largest asset management fund, with over $9 trillion in assets. Fink himself was a crypto and skeptic as recently as 2017 when he was quoted as saying that Bitcoin was simply an “index for money laundering.” He was insinuating that the more people who wanted to launder money (they would use Bitcoin), the more the price would shoot up.
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Recently, Larry Fink, the CEO of BlackRock (NYSE:) asset management fund, talked about crypto in an interview on CNBC. He said that crypto “has a differentiating value versus other asset classes, but more importantly, because it’s so international, it’s going to transcend any one currency.”
BlackRock is now the world’s largest asset management fund, with over $9 trillion in assets. Fink himself was a crypto and skeptic as recently as 2017 when he was quoted as saying that Bitcoin was simply an “index for money laundering.” He was insinuating that the more people who wanted to launder money (they would use Bitcoin), the more the price would shoot up.
Continue Reading on Coin Telegraph
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