BlackRock CEO Reveals Past Misjudgment on Bitcoin

Larry Fink, CEO of BlackRock, has acknowledged a previous misjudgement regarding Bitcoin and cryptocurrencies. At the New York Times DealBook Summit, he admitted that his past opposition to digital assets was ultimately incorrect. He attributed this shift in perspective to ongoing self-reflection and interactions with clients and government officials who have informed him over time. Fink further stated that BlackRock now actively embraces Bitcoin, highlighting a substantial change in its stance as it holds the largest Bitcoin spot ETF.