BlackRock chairman thinks Bitcoin is an anti-inflation product.
Larry Fink, CEO of BlackRock, one of the largest investment companies, appeared on CNBC screens today. In his latest speech, Larry Fink said that he was wrong about the leading cryptocurrency Bitcoin (BTC) and has now become an open supporter of BTC.
Larry Fink said that he now perceives Bitcoin as digital gold. The successful businessman has been skeptical of Bitcoin for several years, but now he seems to have changed his mind towards BTC.
BlackRock CEO Fink made the following sentence about Bitcoin (BTC) on CNBC:
“I was previously skeptical of Bitcoin (BTC). However, as the process progressed, I examined the issue deeply and I am now an outspoken supporter of BTC.”
The BlackRock chairman emphasized that Bitcoin should be viewed as a full-fledged financial asset protected against the risk of depreciation, especially in countries with high inflation.
The successful businessman emphasized that Bitcoin has a place in financial portfolios and that there are still many people and institutions in the market who do not understand the value of the leading cryptocurrency.
Previously, the BlackRock executive mentioned that interest in cryptocurrencies is increasing in some countries of the world amid the economic crisis.
