Apparently The CEO Of BlackRock Is Excited About Crypto
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.
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- “…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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