BlackRock CEO Claims Crypto Equivales to Gold

In a recent statement, Larry Fink, CEO of BlackRock, asserted that cryptocurrencies fulfill the same purpose as gold within today’s global financial system. He highlighted that these digital assets, like traditional precious metals, offer intrinsic value as hedge instruments against economic volatility. Fink stressed that cryptocurrency should not be categorized as a failing asset, and instead, it should be viewed as a stable store of value similar to gold.