BlackRock CEO Larry Fink Speaks Out About Bitcoin (BTC) After Major Drop! "I Was Wrong!"

Larry Fink, CEO of BlackRock, the world's largest asset management company managing $12 trillion, made important statements about Bitcoin (BTC). Larry Fink, who has long stated that Bitcoin is not a legitimate asset, is now speaking highly of ￰0￱ to 60 Minutes, BlackRock CEO stated that Bitcoin is an important hedge against fiat currency devaluation and plays the same role as ￰1￱ the recent crash in the cryptocurrency market, Fink called Bitcoin a legitimate alternative asset like gold, saying it is useful for diversifying investment ￰2￱ stated that Bitcoin and other cryptocurrencies have seen tremendous growth and are now seen as true alternative ￰3￱ this point, the BlackRock CEO said that Bitcoin is not an evil asset, stating that its role is the same as gold.

“Just as gold has a role, Bitcoin has a ￰4￱ is also an ￰5￱ teach you that you should always re-examine your assumptions and thinking. I don't believe it should be a large component of your portfolio, but it's never a bad asset for those looking to diversify.” Larry Fink, admitting he was wrong about Bitcoin, said, “I said Bitcoin was for money launderers and ￰6￱ the market teaches you to always rethink your assumptions.” The BlakRock CEO has previously stated that he believes in the utility of Bitcoin as a financial instrument, highlighting its potential to provide a hedge against traditional assets such as securities or ￰7￱ famous CEO also added that he sees Bitcoin as an alternative to commodities such as gold. *This is not investment ￰8￱ Reading: BlackRock CEO Larry Fink Speaks Out About Bitcoin (BTC) After Major Drop!

"I Was Wrong!"