BlackRock CEO Larry Fink, who once called Bitcoin (BTC) a speculative asset and a tool for money laundering, has changed his stance. Since 2017, he has shifted his view and now sees Bitcoin as a significant player in the financial world.

In a recent CNBC interview, Fink admitted that his opinion of Bitcoin has evolved. After studying the cryptocurrency and its technology, he realized he was wrong in his earlier assessment.
In a recent interview, BlackRock CEO Larry Fink shared his changed perspective on Bitcoin. He now considers Bitcoin a legitimate financial tool, acknowledging that while there may be instances of misuse, similar to any other asset, Bitcoin provides uncorrelated returns and serves as a valuable investment during economic uncertainty.

Fink, whose firm launched a Bitcoin ETF in January, emphasized Bitcoin’s role in investment portfolios. He compared it to digital gold and highlighted its significant industrial uses, which are often overlooked by investors.

His comments align with his previous positive views on Bitcoin, where he likened it to gold as a hedge against inflation and currency devaluation.
Larry Fink’s Evolving Bitcoin Perspective: From Skepticism to Strategic Asset
Over a year ago, BlackRock CEO Larry Fink highlighted Bitcoin’s advantage of having a limited supply, which caps its total creation. He explained that BlackRock’s aim with their spot Bitcoin ETF is to create a wealth storage instrument, linking Bitcoin to gold.

However, Fink’s interest goes beyond just comparing Bitcoin to gold. He views Bitcoin’s long-term potential as a significant factor, seeing it as a means to digitize gold and offer an alternative to traditional currencies. Bitcoin’s independence from any specific currency makes it a global asset capable of protecting wealth against inflation and economic uncertainties.
Recently, BlackRock achieved a milestone, with assets under management reaching $10.6 trillion in the first half of the year. Bloomberg reports that BlackRock saw substantial inflows, with clients adding $51 billion to its long-term mutual funds in the second quarter.
This highlights growing interest in BlackRock’s offerings, including its spot Bitcoin ETF, which has become a leading asset in terms of inflows in the newly approved market since its launch.

The daily chart shows BTC’s price surge experienced over the weekend. Source: BTCUSD on TradingView.com
As of now, Bitcoin (BTC) is trading at $63,000. It has risen by more than 5% in the last 24 hours and over 12% in the past week.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#BlackRock #LarryFink #EthereumETF #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip $BTC $USDC $BNB

BlackRock's CEO #LarryFink said
In 2017: "Bitcoin? A money laundering index."In 2023: "It's an asset that can protect you."In 2024: "As valuable as freedom itself."
At first glance, this progression sounded like the punchline of a joke I came across on a forum. Yet, after digging into the facts, it turns out this evolution in perspective is no laughing matter. It reflects a real and significant shift in the financial world's view on Bitcoin, led by one of its most influential figures.
For those clutching their USDT, the message is clear: the market's wild ride is far from over. The play? Patience. Watch for the #dips as #buying opportunities and the peaks for potential sells. Or, if you're feeling bold, wait for a major dip, go #ALLIN , and sit tight for the eventual upswing. Whichever route you choose, the key is timing and patience, navigating the ebbs and flows of a market that continues to captivate and confound.
By the way, it might be worth keeping an eye on Litecoin ($LTC ). Its growth has lagged significantly behind Bitcoin's ($BTC ). If BTC continues its upward trend, expect LTC to potentially catch up with a more substantial increase later on. This could be an interesting opportunity for those looking to diversify their cryptocurrency investments.
#Write2Eam

Larry Fink claim now for Trump: Bitcoin supporter could be Treasury Secretary

It was also a matter of curiosity who Donald Trump, who was walking step by step to the US presidency, would choose as the country's Treasury Secretary. The last name put forward after the Jamie Dimon allegations is Larry Fink, CEO of BlackRock, the world's largest fund management company, with 10 trillion dollars...
First, Jamie Dimon, CEO of JPMorgan, one of the largest investment banks in the world, and now Larry Fink, CEO of BlackRock, the world's largest fund management company with an asset of 10 trillion dollars... In the USA, it is claimed that Donald Trump will appoint one of these two names as the Treasury Secretary if he wins the presidential race.
After the name Jamie Dimon, which was put forward in the past weeks, the New York Post put forward the name Larry Fink today. The paper also wrote that Trump and Larry Fink's past-based acquaintance was also influential in this election.
When Trump was president in 2017, he hosted the known, famous businessmen of the USA at the White House and said to Fink, "Larry did a good job for me. He managed my money and brought me really good earnings,” he said.

Fink couldn't finish praising Bitcoin
Fink, who left his anti-bitcoin in the past years in 2023, said in a program he attended a few days ago, "I used to be anti-Bitcoin in a way that I was overconfident, but I researched, studied my lesson and realized that I was wrong. Bitcoin is an asset that is by your side when you start to lose hope, not when you are hopeful,” he said.
It is known that Fink also attaches great importance to tokenization. BlackRock also has a tokenization fund called BUIDL. BlackRock first applied for a Bitcoin spot ETF in June last year.
Unlike Fink, Jamie Dimon is completely against Bitcoin and crptocurrencies. "If I had the power, I would have banned all cryptocurrencies," Dimon said at the Congressional Financial Services Committee meeting he attended a while ago.
Donald Trump, who gives great support to cryptocurrencies, will attend the Bitcoin Conference in Nashville, USA this week and give a speech here. It is also claimed that Trump will make a "strategic reserve asset" for Bitcoin here.
$BTC
#LarryFink #donaldtrump #BlackRock⁩