According to Foresight News, Bloomberg ETF analyst Eric Balchunas shared a quote from BlackRock CEO Larry Fink on Bitcoin/digital assets during the third quarter earnings call. “Fink said that Bitcoin assets are an asset class in themselves and they are discussing digital asset allocation with global institutions. He believes that the scope of application of this form of investment will expand, and the role of Ethereum as a blockchain will also grow significantly. He believes that it is not more or less regulation that affects the development of digital assets, but the role of liquidity and transparency. These assets remind him of the early mortgage market (currently worth $11 trillion). Blockchain technology will become very value-added, and after adding Al’s data analysis capabilities, the applicability and breadth of the market will emerge.”

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