BlackRock Bets Big on Bitcoin: CEO Views Crypto as Currency of Fear and Hedge Against Inflation

Larry Fink, BlackRock’s CEO, has publicly embraced Bitcoin as both ‘currency of fear’ and ‘digital gold,’ marking a dramatic shift in his stance. This bold endorsement comes after Fink began to view Bitcoin as a hedge against currency debasement. He now sees it fitting into long-term investment strategies and even surpassing other major cryptocurrency exchanges in reserves for its iShares Bitcoin Trust. This signals a significant turning point, with BlackRock’s move paving the way for similar institutional adoption of Bitcoin. 📚