BlackRock CEO Larry Fink says his earlier views on Bitcoin were wrong
Crypto Briefing
BlackRock CEO Larry Fink admitted his previous skepticism about Bitcoin was wrong, now viewing it as a portfolio diversifier like gold.Summary
BlackRock CEO Larry Fink publicly acknowledged at the DealBook Summit that he has reversed his earlier skepticism regarding Bitcoin, stating his previous views were wrong. He described this as a major evolution in his thinking, emphasizing his openness to changing his strong opinions. Fink now views Bitcoin as legitimate, comparing it to gold for its potential to offer uncorrelated returns in investment portfolios. This shift is reflected in BlackRock's actions, as the firm manages the iShares Bitcoin Trust (IBIT), an exchange-traded fund providing regulated exposure to Bitcoin's spot price.
(Source：Crypto Briefing)