BlackRock CEO Larry Fink Calls Bitcoin a Safe Alternative Investment Like Gold

The post BlackRock CEO Larry Fink Calls Bitcoin a Safe Alternative Investment Like Gold appeared first on Coinpedia Fintech News

Bitcoin has come a long way from being dismissed as a tool for money launderers and thieves. Even Larry Fink, CEO of BlackRock, the world’s largest asset manager with $12 trillion under management, has changed his view. 

Despite the recent crypto market crash, Larry Fink called cryptocurrency (Bitcoin) a legitimate alternative asset, similar to gold, useful for diversifying investment portfolios.

In a recent CBS 60 Minutes interview, Fink said that Bitcoin and other cryptocurrencies have grown and are now seen as real alternative investments.

He admitted, “I did say Bitcoin was for money launderers and thieves. But the market teaches you to always rethink your assumptions.”

This shows a big change in his view, moving from doubt to cautious acceptance, as crypto becomes more important in global finance.