Blackrock CEO agrees with JPMorgan CEO Jamie Dimon on Bitcoin, seeing a “Huge Role for Digitized Currency.”
When asked if he believes bitcoin is worthless, the CEO of the world’s largest asset management, Blackrock, says he is “more on the Jamie Dimon camp.” The executive, on the other hand, says he is captivated by people’s interest in cryptocurrency and sees “a big potential for a digital money.”
In an interview with CNBC on Wednesday, Larry Fink, CEO of Blackrock, the world’s largest asset manager with $9.5 trillion in assets under management, answered several questions regarding cryptocurrencies, notably bitcoin.
He was questioned if he was still “in Jamie Dimon’s category of ‘bitcoin is worthless,'” or whether he saw value in the cryptocurrency. JPMorgan CEO Jamie Dimon stated earlier this week, “I personally think that bitcoin is worthless.” He also questioned the cryptocurrency’s limited quantity.
The Blackrock executive replied:
I am probably more on the Jamie Dimon camp. But I am fascinated by so many people’s interest. It’s fantastic. I love the fact that more people are looking to invest in different things. I believe this is a very good, positive action.
The CEO, on the other hand, stated, “But I do believe there is a huge role for a digitized currency.” And I believe that, whether it’s bitcoin or something else, or more of a governmental official digital currency, a digital dollar, that will play out.”
The Blackrock executive further explained that he is fascinated by “the great new technology.” Noting that “It’s attracted so many people,” he expressed: “It’s fantastic seeing how people have become so fascinated about it, that they are showing interest in this. Whether this is going to play out well in the long run, we’ll see.” Fink concluded:
I see huge opportunities in a digitized crypto, blockchain-related currency, and that’s where I think it’s going and that’s going to create some big winners and some big losers.