BlackRock CEO Larry Fink, whose Spot Bitcoin ETF application was approved, made new statements.
Stating that Bitcoin and cryptocurrencies are not money, Fink said:
“I believe in Bitcoin and cryptocurrencies as asset classes, but I don't believe crypto is a currency.
Among the spot Bitcoin ETFs that opened for trading, the Blackrock ETF accounted for 40% of yesterday's trading flow.”
The famous CEO also stated that he is positive about the spot Ethereum ETF and said that it would be valuable to own the ETH ETF.
Commenting on the interest rate cuts, BlackRock CEO Jerome Powell said that he thinks the FED will make its first interest rate cut in June and that the US economy will be better in the autumn months.
*This is not investment advice.
