BlackRock CEO Larry Fink admitted he was wrong about Bitcoin, calling it "digital gold" and a "legitimate" financial instrument. 📉

- Fink noted that Bitcoin can be useful in conditions of economic instability.

- In May, BlackRock's iShares Bitcoin Trust overtook the Grayscale Bitcoin Trust in terms of assets.

- Bitcoin rose after Fink's comments and other positive news, breaking the $60,000 mark.

Source: CNBC