Crypto and Gold Are Fear Assets as U.S. Debt Hits 143% GDP, Says BlackRock CEO
The BlackRock chief made the remarks during a panel discussion addressing key economic concerns in the U.S. and global markets.
BlackRock CEO Larry Fink described crypto and gold as “assets of fear” at the Future Investment Initiative conference in Riyadh, citing investor concerns over currency debasement and financial security. The comments came as gold prices tumbled below $4,000 after touching all-time highs above $4,377 a week earlier.
Fink stated that owning crypto assets or gold reflects fears about the debasement of assets and concerns about financial and physical security. The BlackRock chief made the remarks during a panel discussion addressing key economic concerns in the U.S. and global markets.
The U.S. government’s debt burden…
