đšBlackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potentialđš
**Larry Fink Declares Bitcoin an Asset Class**
BlackRock CEO Larry Fink has proclaimed bitcoin as a legitimate asset class, comparable to gold. He emphasized its growing acceptance and liquidity during BlackRock's Q3 2024 earnings call. Fink noted that the firmâs bitcoin ETF has attracted $23 billion in inflows and highlighted the success of their newly launched Ethereum ETF, which saw over $1 billion in just two months.
Despite potential regulatory changes, Fink believes market growth will stem from broader acceptance rather than regulation. He emphasized the importance of transparency, liquidity, and analytics in driving the digital asset market, drawing parallels to past financial market evolutions. Fink also discussed the rise of central bank digital currencies, particularly in emerging markets, predicting that blockchain technology will significantly enhance the financial landscape.
