Larry Fink, CEO of BlackRock, the world’s largest asset manager, said in a recent interview with CNBC: Bitcoin’e and expressed strong belief in BTC’s potential role in global portfolios.
Fink, once skeptical of Bitcoin, admitted that his opinion has changed over the years. “I looked into it, I learned about it. And then I said, OK, my opinion from five years ago was wrong,” he said. He now sees Bitcoin as a legitimate financial instrument that offers potentially uncorrelated returns.
Fink suggested that Bitcoin could be a good investment for those concerned about countries running excessive budget deficits, thus devaluing their currencies. “I believe it is more of an investment tool when you are scared,” he said.
He also highlighted Bitcoin’s potential to provide financial control for individuals in countries where daily life can be scary. “I believe there are countries where you are scared of your daily existence and you have the opportunity to invest in something that is outside of your country’s control,” Fink said.
Fink sees a significant role for Bitcoin in portfolios and believes it will become one of the asset classes investors look at. “I am one of those who believes there is a role for Bitcoin in portfolios,” he said. He also referred to Bitcoin as “digital gold” and suggested it could act as a hedge against the optimism in the world.
Fink concluded by emphasizing the industrial use of Bitcoin, which he believes many people overlook. “And I believe there is a great industrial use for it. And I think a lot of people overlook that,” he said.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/blackrock-ceosu-larry-finkten-bitcoin-btc-hakkinda-sicak-aciklamalar-geldi/
