In a recent interview with CNBC, BlackRock CEO Larry Fink reaffirmed bitcoin's legitimacy as a financial asset and expressed strong support for it.
According to Mr. Fink, #bitcoin can provide uncorrelated returns, making it a valuable tool for diversifying investment portfolios despite the potential for abuse of any asset.
Mr. Fink further explained that bitcoin is particularly attractive to investors concerned about macroeconomic issues, such as currency devaluation due to excessive government deficits.
In countries threatened by financial instability, bitcoin offers a great investment opportunity for those looking for an alternative to the traditional financial system. He also noted that bitcoin allows people to take better control of their finances, even in situations where national currencies may be threatened.
Finally, Mr. Fink reiterated his belief in bitcoin's role in a diversified investment strategy, emphasizing its diversification structure as a hedge against economic uncertainty.
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