- This is the point he made during an interview for Fox Business
- Fink had previously been an avid skeptic, saying cryptocurrencies were being used for illegal activities
- He radically changed his mind after BlackRock applied to register the exchange product
Fox Business published an interview with BlackRock Foundation CEO Larry Fink yesterday, June 5. During a conversation with the host, he said that the cryptocurrency has enormous potential. Some assets, particularly bitcoin, have the potential to revolutionize the world of finance.”
Watch the entire interview on YouTube. Regarding bitcoin, he said:
“We believe that the tokenization of real assets, which is what I consider BTC to be, can revolutionize finance.
He continued:
“Instead of investing in gold to hedge against inflation, onerous problems or devaluation, use bitcoin. Let’s be clear, it’s an international asset, it’s not tied to any currency, which makes it a great alternative.”
It’s interesting that Fink has been a cryptocurrency skeptic in the past. We have already covered this topic in a separate article. His opinion has changed dramatically over the years.
As for tokenization, the CEO of BlackRock has stressed the importance of it before.. In his opinion, this will be the next trend.</nbsp;
Reminder, BlackRock reapplied for registration of a spot bitcoin-ETF. This, quite naturally, led to a surge in BTC, which broke the important $31,000 mark.</nbsp;
Changpeng Zhao, Binance’s CEO, commented on BlackRock, noting that the industry would benefit from the participation of large “players”:
“The bigger the better.
The emergence of such derivative products improves audience reach, according to CZ.