BlackRock CEO Larry Fink says he was wrong on Bitcoin - now says its legitimate

[forex4you]

BlackRock CEO Larry Fink says he was wrong on Bitcoin - now says its legitimate

BlackRock 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

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