While the possibility of Donald Trump being elected increases after US President Joe Biden withdrew from the 2024 elections, there are claims that BlackRock CEO Larry Fink could be the next Treasury Secretary if Trump is elected.
According to American journalist and author Charles Gasparino from the New York Post, former US President Donald Trump may appoint Larry Fink, CEO of asset manager BlackRock, as the next Treasury Secretary if he wins the November elections.
In his article, Gasparino stated that Fink, who manages Trump's investment portfolio and was once on Trump's business advisory council, continues to influence Trump's economic views.
While Trump is publicly considering JPMorgan Chase CEO Jamie Dimon as Treasury Secretary, Gasparino said Fink remains a key choice because of his deep market knowledge and moderate political stance.
“Of course, Trump likes to publicly tout JPMorgan CEO Jamie Dimon as a potential Treasury Secretary, but I'm told Fink is actually the person he likes, respects, and talks to.
I don't know if BlackRock is still doing business with Donald, but I'm told by someone with firsthand knowledge of the matter that the relationship is still a working one, albeit a quiet one.
So why does Trump continue to nominate Jamie Dimon as Treasury Secretary instead of Fink?
My sources at JPMorgan say Dimon wouldn't take the job if asked as secretary; This means Trump may turn to other options, probably because he hates being told “no.”
And most of all, Donald Trump is a pragmatist who prefers to “keep his friends [like Fink] close and his enemies [like Dimon] even closer.”
In his article, Gasparino stated that when Trump invited a group of CEOs, including Jamie Dimon, to the White House in 2017, he immediately called Larry Fink, and Trump said about Fink in the crowd, “Larry did a great job for me. I got my money's worth.” I have to tell you, it gave me great returns.” he explained.
What Impact Could BlackRock CEO Larry Fink Have on Bitcoin?
Noting that Trump has repeatedly acknowledged Fink's experience in financial markets, experts think that Fink's election as Treasury Secretary could be a turning point for Bitcoin (BTC).
Experts stated that BlackRock CEO Larry Fink is likely to be appointed as US Treasury Secretary and offered two reasons for this: One BlackRock manages $10 trillion in assets, two Finks advised Trump in his first term.
The appointment of Larry Fink could mean a profitable collaboration for Bitcoin and greater support for cryptocurrency-friendly policies thanks to Fink's influence.
*This is not investment advice.
