From ‘Rat Poison’ to Hedge: Fink and Armstrong Debate Crypto’s Future

In a discussion at DealBook Summit, Larry Fink and Brian Armstrong grappled with the evolving landscape of crypto finance, envisioning a future where Bitcoin plays a pivotal role. While Fink acknowledges Bitcoin’s potential as a long-term hedge against inflation and risk, he also calls it an asset driven by fear. Armstrong counters this view, arguing that Bitcoin’s value is intrinsic, not derived from fear alone. The conversation delved into regulations, the impact of tokenization, stablecoins, and the global race to build a decentralized financial system.