Larry Fink Endorses Crypto as an Alternative Asset to Gold

In a recent 60 Minutes interview, BlackRock CEO Larry Fink expressed strong support for cryptocurrency, comparing it to gold in terms of its role as an alternative asset class. This stance may signal a shift in Wall Street’s perception of cryptocurrencies. Fink highlighted the growing institutional interest in digital assets and suggested that both cryptocurrencies, especially Bitcoin, and gold can serve as stores of value outside traditional currencies. BlackRock has already taken steps towards embracing this shift by filing for a spot Bitcoin ETF earlier this year.