BlackRock CEO Larry Fink again called BTC digital gold. Let us remind you that#BlackRockalready has 316,276 BTC worth $18.3 billion on its balance sheet. And once Fink called BTC essentially a scam. Now he admits he was wrong:
“I studied it and now I can say with confidence that I was wrong... I’m sure many people today are just as mistaken as I once was. BTC is a legitimate financial instrument that should definitely be in your portfolio."
Considering that this happened on #CNBC, known for its work on driving retail into the right positions, it looks alarming.
The last time Fink praised cryptocurrencies and#BTCin particular on CNBC was in July 2023 - it was at local highs and before a two-month correction.
