Expert Highlights Two of the Biggest Things Happening in Crypto, Involving Ripple and BlackRock
This year is a very important year for the crypto ecosystem. In addition to Ripple scoring a major victory against the US SEC over the security status of XRP, BlackRock joined the race to list the first Bitcoin spot ETF in the US, a bid that has been underway for over a decade.
John Deaton's opinion
In his recent post, Deaton pointed out the role of new Bitcoin evangelist now taken over by BalckRock CEO Larry Fink. His post was accompanied by a quote from one of Fink's interviews with CNBC, in which he talked about the international appeal of Bitcoin, an asset he said BlackRock clients are now interested in.
Fink's pitch for Bitcoin was glowing when he noted that the asset would surpass any other currency due to its international appeal. In particular, international exchange of value and other features underscore the main message spread by Bitcoin proponents.
The clarity of this message has not prevented certain financial leaders and some lawmakers from criticizing the assets as instruments for spreading fraud.
With Larry Fink now at the forefront of Bitcoin advocacy, John Deaton says the SEC and these lawmakers should not label their donors as “fraudsters, fraudsters, hucksters, tax cheats and money launderers” as they have done to supporters crypto in the past. .
BlackRock's influence as a financial giant also contributes to growing optimism that a Bitcoin ETF is coming soon.
