Crypto Daily – BlackRock (NYSE:) CEO Larry Fink, once a skeptic, now champions the cryptocurrency as “digital gold” and a legitimate financial instrument, reflecting a broader acceptance within traditional finance.
BlackRock CEO’s Initial Skepticism
Larry Fink, the CEO of BlackRock, has undergone a remarkable transformation in his views on Bitcoin, as evident in his latest interview with CNBC. In 2017, during the crypto bull run, Fink was highly critical of Bitcoin, describing it as an “index for money laundering.” This sentiment was common among financial industry leaders who viewed cryptocurrencies as speculative, unregulated, and often linked to illicit activities.
Shift in Perception
Over the years, the narrative around Bitcoin and other cryptocurrencies has evolved significantly. The potential of blockchain technology and the value proposition of digital assets have become clearer.
At a conference in New York last year, Fink highlighted the revolutionary…
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