BlackRock CEO Larry Fink says the leverage washout that crashed crypto markets is over. Bitcoin (BTC) now shows “more stability at these levels,” he told CNBC on July 15.
Fink spoke after BlackRock reported record second-quarter results. Days later, US spot Bitcoin exchange-traded fund (ETF) flows turned positive after their worst month since the products launched.
What Larry Fink Said About Bitcoin and Leverage
Fink made the comments while answering a question about leverage risk in South Korea’s stock market. He argued that global markets carry far less leverage today than in 2008 and 2009.
https://www.youtube.com/watch?v=f8FrvkJt4nk
Crypto, in his…
