BlackRock CEO: Digital Assets Offer Gold-Like Diversification

Larry Fink, CEO of Blackrock, compared digital assets to gold, arguing they offer a new type of store of value for investors. He believes that institutions are increasingly integrating crypto into their investment strategies, considering it as a tool for diversification within broader portfolios. Fink acknowledges the volatility of this market and emphasizes the need for measured allocation while highlighting its potential benefits against traditional assets during economic downturns.