BlackRock CEO Larry Fink says he was wrong on Bitcoin - now says its legitimateBlackRock CEO Larry Fink spoke in a US media interview (CNBC), endorsing the cryptocurrency:
"My opinion five years ago was wrong"- "I believe bitcoin is a legitimate financial instrument"
- BTC should be part of every investor's portfolio
- an instrument you invest in when you're more frightened ... when you believe that countries are debasing their currency by excess deficits
- "There's a real need for everyone to look at it as one alternative"
BTC/USD has rallied back to the middle of its recent range. I know of folks calling that bottom just under $56K a week or so ago. Fink coming out now with his support.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: BlackRock CEO Larry Fink says he was wrong on Bitcoin - now says its legitimate (https://www.forexlive.com/Cryptocurrency/blackrock-ceo-larry-fink-says-he-was-wrong-on-bitcoin-now-says-its-legitimate-20240716/)
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