BlackRock CEO Larry Fink compares bitcoin to digital gold as ETF applications at SEC stack up

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BlackRock Chairman and CEO Larry Fink sounds more enthusiastic about bitcoin now that his firm is seeking regulatory approval for a spot bitcoin ETF.

BlackRock Chairman and CEO Larry Fink has never been outright dismissive of bitcoin, but he sure sounds more enthusiastic now that his firm, and others, are seeking regulatory approval for a spot bitcoin exchange-traded fund.

“I... BlackRock Chairman and CEO Larry Fink has never been outright dismissive of bitcoin, but he sure sounds more enthusiastic now that his firm, and others, are seeking regulatory approval for a spot bitcoin exchange-traded fund. “I think, as it became more accessible — and, also, I do believe the role of crypto is — it is digitizing gold in many ways. Instead of investing in gold as a hedge against inflation, a hedge against the onerous problems of any one country or the devaluation of your currency, whatever country you’re in.”

 

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