One of the world’s largest asset managers, BlackRock, thinks that the Russia-Ukraine crisis will spur on the adoption of crypto. Bitcoin is freedom money for everyone. Are you paying attention yet? pic.twitter.com/hIzTKBqWZa — Will Clemente (@WClementeIII) March 24, 2022 It’s been a bullish week in the crypto markets, and the CEO of BlackRock, the $10 […] The post BlackRock Sees Crypto Adoption Accelerating Following Ukraine Crisis appeared first on CryptosRus.

BlackRock Sees Crypto Adoption Accelerating Following Ukraine Crisis

One of the world’s largest asset managers, BlackRock, thinks that the Russia-Ukraine crisis will spur on the adoption of crypto.

It’s been a bullish week in the crypto markets, and the CEO of BlackRock, the $10 trillion asset management giant, thinks that this momentum will only grow faster in light of the Ukraine crisis.

CEO Larry Fink says that the war will force countries to reconsider their dependency on national currencies. BlackRock was studying digital assets and stablecoins due to increased client interest.

“A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption.”

This is a stark contrast in tone from his remarks back in the previous bearish cycle for crypto back in July 2021, in which he said that he was not seeing much investor demand for digital assets. Here’s what he had to say then:

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  • In February, BlackRock announced that it intends to enter crypto with “client support trading and then with their own credit facility,” according to a report from three individuals involved with the firm
  • In January, BlackRock filed for a Blockchain ETF that “seeks to track the investment results of an index composed of U.S. and non-U.S. companies that are involved in the development, innovation, and utilization of blockchain and crypto technologies.”
  • The asset manager’s entrance into the space falls in line with the $4.2 trillion asset manager Fidelity, which filed for two separate exchange-traded funds (ETFs) that are closely tied to the crypto industry and the metaverse.
  • Most recently, Charles Schwab shed light of its very own Crypto ETF at the beginning of March after hinting at its very own Bitcoin Spot ETF application at the start of 2022.
  • It appears that institutional giants are all waking up to the impending crypto and metaverse boom. This is what the Goldman Sachs website’s home page looks like as of yesterday:

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