... [+]Forbes Digital Assets
"The role of bitcoin is digitizing gold," Fink said."Instead of investing in gold as a hedge against inflation or the onerous problems of any one country or the devaluation of your currency, bitcoin is an international asset and not based on any one currency and can represent an asset that people can play as an alternative. The foundation of BlackRock is about hope, you invest for retirement because you believe tomorrow is better than today.
Fink's comments have been cheered by many in the crypto community who see his flip to bitcoin supporter as a sign"unprecedented" levels of support could be about to hit the bitcoin and crypto market, potentially boosting the price of ethereum, BNB and XRP. "BlackRock CEO Larry Fink’s statement that bitcoin is an ‘international asset’ that can help give clients a better future signals a new chapter for bitcoin where it is embraced by the most established and trusted names in global finance," Alex Adelman, the chief executive of bitcoin rewards app Lolli, said in emailed comments.
"As global institutions continue to show their faith in bitcoin as a preferred store of value, we will see bitcoin rise to unprecedented levels of mainstream adoption and demand. Bitcoin ETF filings from global leaders like BlackRock and Fidelity will also continue to catalyze a race among other financial institutions to offer bitcoin-based financial products and meet rising client demand.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: FoxBusiness - 🏆 458. / 53 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: CoinMarketCap - 🏆 290. / 63 Read more »