BlackRock’s Fink calls Bitcoin an ‘asset of fear’, softens crypto stance — TradingView News

Larry Fink, chair and CEO of asset management company BlackRock, explained his “big shift” from associating cryptocurrencies with illicit activities to having the largest spot Bitcoin exchange-traded fund.

Speaking at The New York Times’ DealBook Summit on Wednesday, Fink addressed questions related to his views on crypto and Bitcoin BTCUSD from journalist Andrew Ross Sorkin.

The BlackRock CEO said his move from associating crypto primarily with money laundering to having exposure to billions of dollars in BTC was “a very glaring public example of a big shift in [his] opinions.”

“My thought process always evolves,” said Fink.

The CEO, who took the stage with Coinbase CEO Brian Armstrong, was not entirely bullish on Bitcoin…

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