Larry Fink, CEO of BlackRock, the world's largest asset management company, made important statements about Bitcoin.
Speaking in an interview on Citi's YouTube channel, Larry Fink described Bitcoin as an important hedge against currency devaluation.
The famous CEO also added that he sees Bitcoin as digital gold.
The BlackRock CEO admitted that he has experienced a major change from his openly critical stance on Bitcoin and cryptocurrencies, saying:
“The reason you own Bitcoin is because you're afraid of your currency losing value.
In the past, I viewed Bitcoin solely as a money laundering tool.
However, during the COVID-19 period, I realized the power of blockchain technology.
Now I too have become a believer.
Bitcoin can act as digital gold, protecting assets from inflation.”
The fact that one of the biggest names in global finance is supporting the role of BTC could be a significant signal for its adoption.
*This is not investment advice.
