- Larry Fink believes that Bitcoin (BTC) will continue to rise regardless of who wins the presidency.
While the Trump-Harris presidential race has become a pivotal point in the cryptocurrency sector, BlackRock CEO Larry Fink believes that the outcome of the race will not have a significant impact on Bitcoin (BTC)âs long-term trajectory.
Fink ruled out the outcome of the 2024 US election as having a significant impact on Bitcoin (BTC), expressing his uncertainty about âwhich president or which candidate will make a difference.â Finkâs comments came during BlackRockâs third-quarter earnings call yesterday, October 15.
By contrast, the CEO emphasized that Bitcoin (BTC) is âan asset class unto itselfâ and is immune to the influence of global politics, and that continued adoption of cryptocurrencies depends on liquidity and transparency, not regulation.
âIf we can make it easier to own Bitcoin and add more transparency and analytics to these assets, adoption will expand,â Fink added. This view expresses his belief that âthe use of digital assets will become an increasing reality around the worldâ regardless of the legal opinion on them.