Blackrock CEO Is Right: Trump and Kamala Cant Stop Bitcoin
I'll admit - just a few years ago, I'd be shocked to hear myself say that the CEO of BlackRock is making good points about Bitcoin.
As head of the world's largest asset manager, I assumed Larry Fink would be Bitcoin's biggest critic. But compared to dismissive remarks on Bitcoin from other Wall Street leaders like Jamie Dimon, Fink's perspective is a refreshing change.
If you think otherwise, yesterdays earnings call proves it.
There, Fink declared, "I'm not sure if either president would make a difference" on Bitcoin's growth, adding "I don't believe [Bitcoin's rise] is a function of regulation."
He went on to compare Bitcoins growth to much larger markets like mortgages, noting liquidity and transparency drives adoption more than rules.
It's wild that the CEO of an $11 trillion company is not just embracing Bitcoin, but that he gets that Bitcoin thrives because it is an apolitical, decentralized, global money.
Regulation aside, Bitcoin marches on indifferently. Fink seems to grasp what many Bitcoiners don't that political winds don't sway Bitcoin's course long-term. Neither Donald Trump or Kamala Harris can stop Bitcoin from setting new all-time highs.
Bitcoin thrives on its own technical merits, not regulatory benevolence.
This independence was always its promise. Now, the worlds financial giants arent fighting it, but joining in. Bullish.
Read more: https://bitcoinmagazine.com/business/blackrock-ceo-is-right-trump-and-kamala-cant-stop-bitcoin
Text source: Bitcoin Magazine: Bitcoin News, Articles, Charts,
