BlackRock CEO: Bitcoin is a Legit Investment Asset for Diversification

In a recent interview with 60 Minutes, Larry Fink, CEO of BlackRock, has declared that Bitcoin has earned its place as an alternative asset offering protection against the erosion of fiat currency. This shift marks a complete turnaround from his earlier skepticism regarding Bitcoin’s legitimacy. Fink attributes this change in stance to market evolution and the growing understanding of Bitcoin’s potential role as a hedge during periods of market volatility.