BlackRock CEO Larry Fink has dramatically altered his perspective on Bitcoin, now characterizing the cryptocurrency as an ‘asset of fear’. This shift reflects a major transition in how one of finance’s most influential figures views the largest cryptocurrency. Previously skeptical about Bitcoin’s role in illicit activities and money laundering concerns, Fink now sees it as a hedge against economic uncertainty. His comments align with BlackRock’s growing involvement in the crypto space, including a potential spot Bitcoin ETF filing and expanded digital asset services. Fink’s evolution marks a shift toward mainstream acceptance of Bitcoin within diversified portfolios. This new perspective aligns with traditional safe-haven assets like gold as investors seek stability during times of global economic uncertainty.