BlackRock CEO Larry Fink’s comments come just days after Jamie Dimon’s latest futile attempt to drag Bitcoin.
BLACKROCK CEO LARRY FINK SAYS "I SEE HUGE OPPORTUNITIES IN A DIGITIZED CRYPTO, BLOCKCHAIN RELATED CURRENCIES" – CNBC INTERVIEW
— *Walter Bloomberg (@DeItaone) October 13, 2021
During an interview on CNBC, CEO of BlackRock Larry Fink got a chance to talk about crypto, but only because Jamie Dimon said something mean about Bitcoin. Unlike his contemporary, Fink appears bullish on the potential of blockchain.
- “…I do believe that there is a huge role for a digitized currency, and I believe that’s going to help consumers worldwide — whether it’s a Bitcoin or something else or more of a governmental official digital currency, a digital dollar, that will play out,” he told Andrew Ross Sorkin.
- Fink kind of, sort of, echoed Jamie Dimon’s belief that Bitcoin was “worthless” by noting he was “probably more in the Jamie Dimon camp.” However, he admitted that he’s “not a student of bitcoin,” and doesn’t feel like he has the credibility to publicly say that Bitcoin is going to zero.
- Previously, famed investor Cathie Wood pointed the finger at BlackRock’s investment in Tesla as the reason for Elon Musk stopping purchases of his EVs with Bitcoin.
- Fink also mentioned his excitement over the growing interest in the crypto world. “It’s fantastic seeing how people have become so fascinated about it, that they’re showing interest in this…”
- Last week, Financial Times wrote a profile on Fink entitled The Ten Trillion Dollar Man.
- It should come as no surprise that the trillion dollar man’s excitement over crypto sounds like his next cash grab: “I see huge opportunities in a digitized crypto/ blockchain-related currency, and that’s where I think it’s going — and that’s going to create some big winners and some big losers.” Considering BlackRock’s recent track record, I’m guessing they will find themselves in the winner’s camp.
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