Bitcoin is “digital gold,” according to BlackRock’s CEO

In a recent interview, BlackRock CEO Larry Fink discussed the significance of cryptocurrencies, describing them as “digital gold” and naming Bitcoin (BTC) as a global asset.

During an interview with FOX Business, Fink expressed optimism about the future of cryptocurrency and its place in diversified portfolios.

It has served as a shelter for investors during periods of economic instability. Fink thinks cryptocurrencies serve a similar purpose, providing diversity and insurance against the risks associated with the currencies of specific nations.

Bitcoin has the potential to serve as a worldwide store of value, according to Fink, who describes it as an international asset.

Bitcoin is decentralized and available to everyone with an Internet connection, unlike conventional assets that are bound to certain countries.

Because of its global reach, it appeals to those looking to protect their wealth against currency devaluation and political instability.

BlackRock, the biggest asset manager in the world, has just filed for an ETF on Bitcoin, which is consistent with its stance on cryptocurrencies.

Individuals and organisations seeking exposure to the digital asset market would have a standardised and easily accessible investment vehicle at their disposal.

In particular, Nasdaq agrees with the CEO of BlackRock that cryptocurrencies have the potential to increase financial inclusion.

The Bitcoin ETF registration was accompanied by a Coinbase supervision sharing agreement (SSA). The SSA encourages exchanges to share surveillance data in an effort to strengthen markets and reduce the prevalence of fraud.

Fink thinks this will help make cryptocurrency investments safer and more mainstream. The increasing awareness and acceptance of cryptocurrencies in the mainstream financial sector is reflected in Fink’s remarks.

Fink and other powerful personalities, together with institutional entities like BlackRock, are beginning to see the promise of digital assets, despite ongoing arguments over their long-term worth and legal issues.

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