Dec 03, · Fink, who is one of the world’s most respected managers, believes that Bitcoin can grow to become a global market. The year-old is the co-founder of BlackRock, the world’s largest money management firm in the world. Having founded the firm in , he has grown it to a global giant, with close to $7 trillion in assets under management. According to a report by CNBC on Tuesday, CEO of BlackRock Larry Fink said bitcoin has “caught the attention” of many people and that the cryptocurrency market was still relatively small. Dec 03, · CEO of $ Trillion Asset Manager BlackRock Says Bitcoin Could Evolve Into Global Market Asset. by. Daily Hodl Staff. December 3, in. Bitcoin. Larry Fink, CEO of the world’s largest money management firm, BlackRock, appears to be changing his once highly skeptical tune on Bitcoin and cryptocurrency. Speaking to former Bank of England governor Mark Carney at the Council on .
Bitcoin markets finkBlackRock CEO says bitcoin can possibly 'evolve into a global market' asset - MarketWatch
Many people are fascinated by it. Many are excited about it. So, can it evolve into a global market? Certainly by evidence of the imaginations of so many who want to learn about it or are interested in it, to me, is a very telling sign. Fink also says the advent of digital currencies could weaken the status of the US dollar as a reserve currency for non-Americans.
Does it change the need for a dollar reserve currency if there was a true digital currency that was separated from dollar-based assets? In late November, BlackRock chief investment officer Rick Rieder also made a bullish case for Bitcoin, saying that the digital asset is here to stay and is well on its way to replacing gold as a primary store of value. Please check your inbox or spam folder to confirm your subscription. Thank you. During a conversation with former Bank of England Gov.
Fink went on to say that the cryptocurrency could possibly evolve into a global market asset, offering a rare positive statement from the respected asset manager, which may be interpreted by bullish bitcoin investors as a tacit endorsement.
You see "these big giant moves every day Can it evolve into a global market? Possibly," he concluded. Fink's comments come after BlackRock's chief investment officer in fixed income, Rick Rieder, last month speculated that bitcoin could take some of the shine off gold, possibly one day rivaling the precious metal's unimpeachable stature over the past 5, years as a store of value and hedge against the devaluing of fiat currencies.
For its part, bitcoin was engineered into existence via computer code in by an individual or individuals known as Satoshi Nakamoto.