Larry Fink thinks that crypto can transcend the dollar and other currencies! What else did BlackRock's CEO say in his most recent interview? Check here -
An ETF, or exchange-traded fund, is a fund trading on an exchange that tracks a particular index. Investors buy shares of the fund, and fund managers use investor funds to buy stocks, bonds, crypto, or whatever the fund intends to track.Last month, BlackRock filed with the U.S. Securities and Exchange Commission to launch a Bitcoin spot ETF in the United States.
Fink believes an increasing portion of the crypto market will be represented by ETFs down the line, and highlighted how the advent of a gold ETF ‘The CEO said BlackRock could do the same for crypto: “The cost to transact is quite expensive,” he said. “Over the last five years, more and more global investors are asking us about the role of crypto.”Fink also recognized crypto as an “international asset” that could “transcend any one currency,” citing U.S. dollar devaluation as a concern.
His comments were well received by Bitcoin bulls like MicroStrategy’s Michael Saylor, who often promote Bitcoin as a superior savings technology to dollars due to its limited supply.
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