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BlackRock CEO Larry Fink Sees Great Opportunities in Cryptocurrencies

The CEO of the world’s largest wealth management company Blackrock said in a recent interview with CNBC that he sees great opportunities in digitized blockchain cryptocurrencies. In the interview, Larry Fink said that while he doesn’t know much about Bitcoin and cannot predict its price, he believes the digital currency market has huge potential.

CEO of the world’s largest asset management company Blackrock

The world’s largest asset manager – Blackrock sees great opportunity in “cryptocurrency”

Fink also acknowledges JP Morgan CEO Jamie Dimon’s recent comment on Bitcoin, in which he described BTC as worthless.

Larry Fink said about cryptocurrencies: “I would probably rather be in Jamie Dimon’s camp. I’m not a bitcoin student and I don’t know where to go so I can’t tell you if it will go as high as $ 80,000. But I believe that cryptocurrencies play a big role. “

Jamie Dimon has been the focus of a number of jokes in the crypto community not because of his worthless comments, but also because of his reasons why he thinks it is worthless. Dimon stated that he doubts the delivery of 21 million bitcoins will remain constant once everything is mined as it is a code that can be changed at any time. However, this is almost impossible and that is why some forked coins are created and fail miserably.

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Blackrock sees the potential of Bitcoin without understanding its price

Fink’s comments on Bitcoin show that he doesn’t understand much about price, but does recognize the potential it holds. However, Blackrock has invested millions of dollars in Bitcoin miners, especially at a time when Chinese miners were moving to the US. Blackrock’s filing for the first quarter also shows that the company has invested in the Bitcoin futures market.

This also shows that Bitcoin is receiving sympathy and optimism from the majority of people. Nobody can know the exact volatility of this leading cryptocurrency. However, its potential is something that anyone can see in order to care and pursue in holding.

Bitcoin is currently trading at $ 55,106, with the number above the $ 60,000 mark. The top cryptocurrency hit a new 5-month high last week and on-chain indicators suggest that the bulls will test ATH again soon.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.