BlackRock CEO Larry Fink: Crypto, Gold Are ‘Assets of Fear’ Amid Debt Concerns

In brief

  • BlackRock CEO Larry Fink described crypto and gold as “assets of fear” at the Future Investment Initiative in Riyadh, citing investor concerns over currency debasement and financial security.
  • IMF forecasts show the U.S. debt-to-GDP ratio will reach 143.4% by 2030, exceeding Italy and Greece for the first time this century, with deficits above 7% annually.
  • Sygnum Bank’s Fabian Dori told Decrypt that Bitcoin’s 24/7 volatility demands infrastructure most traditional institutions aren’t yet equipped for, making adoption “a slow-moving process.”

BlackRock CEO Larry Fink has declared that investors are rushing into crypto and precious metals such as gold as “assets of fear,” driven by mounting concerns over spiraling government debt…

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