Larry Fink: "Bitcoin has become a truly international asset"
Date: 2023-07-06 Author: Karina Ziganova Categories: BLOCKCHAIN
On the Fox Business channel, Larry Fink (Larry Fink) said that bitcoin is not based or backed by any other currencies, so it is BTC that can be considered as an alternative to more traditional assets. Also, the CEO of BlackRock noted that bitcoin can act as an asset to hedge inflation and reduce the value of national currencies.
Participants in the cryptocurrency industry reacted positively to Larry Fink's comments. Some even suggested that such a position of Fink could affect the price of the first cryptocurrency ― the so-called "Fink Pump". However, at the moment, the BTC rate has not reacted to the comments of the CEO of BlackRock.
Recall that in June, BlackRock applied for a spot ETF for bitcoin. According to Bernstein analysts, the likelihood of approval of such a fund has increased significantly after BlackRock has applied.
