BlackRock CEO: Recognizes Bitcoin as a "global asset" and advises traders to switch from gold to Bitcoin as a hedge against inflation

BlackRock CEO Larry Fink now endorses Bitcoin as a "global asset" and suggested traders switch from gold to Bitcoin as a hedge against inflation, boosting confidence in cryptocurrencies. Fink's transformation from skeptic to believer has had a constructive impact on bitcoin's value because of his influence in the currency world and his large fortune under BlackRock's management. This progress was acknowledged by Galaxy Digital CEO Mike Novogratz, which further cemented the bullish sentiment for Bitcoin. Therefore, BTC/USD is currently experiencing an upside momentum.

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