BLK - Why BlackRock's Larry Fink Believes 'Everyone' Should Take Another Look At Bitcoin | Benzinga
BlackRock Inc (NYSE:BLK) CEO Larry Fink was skeptical about the prospects of Bitcoin (CRYPTO: BTC) for years, but he remained open-minded and eventually came to believe it was a legitimate financial tool. Now he considers himself a “major believer.”
What To Know: On Monday on CNBC’s “Squawk On The Street,” Fink admitted he had been a skeptic of bitcoin for years, but after studying and learning about it, he acknowledged his previous opinion was wrong.
Fink now considers bitcoin a legitimate financial instrument that offers potentially uncorrelated returns.
IShares Bitcoin Trust (NASDAQ:IBIT) has grown to become the biggest spot bitcoin ETF, bringing in more than $18 billion since its launch in January.
The BlackRock CEO told CNBC that ...