Larry Fink Endorses Bitcoin as Institutional Hedge

BlackRock CEO Larry Fink has publicly called for institutional investors to view Bitcoin as a hedge against currency devaluation risks, echoing recent SEC approval of spot Bitcoin ETFs. Fink’s call to action comes at a pivotal moment for the cryptocurrency market, with Blackrock’s iShares Bitcoin Trust (IBT) exceeding $100 billion in assets under management. This shift represents a significant change from BlackRock’s past skepticism towards digital assets and signals a growing confidence in cryptocurrencies as viable alternatives to traditional investments.