‘My thought process has evolved’
Once a “proud skeptic” of crypto, BlackRock (BLK) chairman and CEO Larry Fink continues to soften his stance on the digital currencies as his firm has become one of the biggest players in the increasingly mainstream investment.
Speaking during the New York Times DealBook conference on Wednesday, Fink said that “my thought process has evolved” on cryptocurrencies.
Fink reiterated on Wednesday that his initial view of crypto’s potential was incorrect. On crypto, “my thought process has evolved,” Fink said, repeating a statement that US Treasury Secretary Scott Bessent said about tariffs during an earlier conversation on the same stage.
BlackRock’s iShares Bitcoin Trust ETF (IBIT), which launched at the beginning of 2024,…
