BlackRock’s Fink Endorses Bitcoin as Digital Gold, Signaling Major Shift in Investment Landscape

BlackRock’s sudden embrace of Bitcoin has sent shockwaves through the financial world, signaling a major shift in how mainstream investors view crypto. Larry Fink, CEO of BlackRock, the world’s largest asset manager, has publicly shifted his stance on Bitcoin and now sees it as a crucial tool for portfolio diversification. Fink acknowledges his previous skepticism and compares Bitcoin to gold, highlighting its potential role as a safe haven asset. This move signifies a turning point in how institutions perceive cryptocurrencies.