On the same day the The Federal Open Market Committee (FOMC) released minutes from its June meeting, the CEO of the largest asset management firm in the world went on television to talk about how bitcoin could “revolutionize finance.”
Somehow not a typo.
Yes. Larry Fink, the CEO of BlackRock (BLK), went to the Fox Business studio for an interview yesterday and sang bitcoin’s praises. This is the same Larry Fink who said in 2017 that Bitcoin was an “index of money laundering.” Fink went further and said that bitcoin is an “international asset not based on any one currency … that people can play as an alternative” in the context of discussion around inflation hedges and geopolitical risk hedges.
Source: BlackRock’s CEO Larry Fink Revises His View on Bitcoin: Credit Goes to His Clients
