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.
Patrick.
The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
This website uses cookies.