Bloomberg senior ETF analyst Eric Balchunas shared on Tuesday what Larry Fink, CEO of asset management company BlackRock, said about Bitcoin and digital assets during the third quarter earnings call. Fink first said that he was not sure whether the President of the United States or Whether other candidates will have an impact on digital assets, he is convinced that the use of digital assets will increasingly become a reality around the world.
Fink noted that the company sees Bitcoin as an asset class in its own right, an alternative to other commodities such as gold, and as such, he believes the application of this form of investment will be expanded, with Ethereum as a block The role of the chain can grow significantly.
"If we can create more acceptability, more transparency, more analytics associated with these assets, then it will expand," Fink continued. He said the development reminded him of the early days of mortgages. Loan market (now worth $11 trillion). Fink also noted that BlackRock is talking to institutions around the world about how they should view digital assets and what asset allocations they should have.
Here's full Larry Fink quote on bitcoin/digital assets from the Q3 earnings call, he says bitcoin asset class in itself, they talking with institutions worldwide about allocation, dig assets remind him of the early days of the mortgage market (now $11T) and POTUS won't make dif pic.twitter.com/McvpW7cCnB
— Eric Balchunas (@EricBalchunas) October 14, 2024
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