Robert Mitchnick, Head of Digital Assets at Blackrock, one of the world's largest asset managers, talked about Bitcoin (BTC) and cryptocurrencies.
“Bitcoin is overwhelmingly the number one priority for our customers, with Ethereum and the rest taking up very little space.
“The cryptocurrency community wants Blackrock to launch products tied to other cryptocurrencies, but that's not our focus.”
The Blackrock executive was also asked where Bitcoin will be on Wall Street in 10 years and said, “Eventually, we expect there will be a convergence where the best of the old system and new technology will merge with a new infrastructure system in finance.” said.
*This is not investment advice.