TLDR
- BlackRock CEO, Larry Fink, has expressed his embrace of Bitcoin in an interview with CNBC.
- He said that he’s a “major believer” in Bitcoin and that the asset is a “legitimate financial instrument.”
- Fink was previously known for being a Bitcoin skeptic and has frequently addressed his concerns about its speculative nature.
In an interview with CNBC, BlackRock CEO Larry Fink gave a huge endorsement of Bitcoin by calling it a “legitimate financial instrument.” He also said that he’s a “major believer” in the leading digital currency.
However, this wasn’t always the case. When Bitcoin first burst on the scene, Fink was a “proud skeptic.” He frequently voiced concerns about the speculative nature of the popular digital currency and addressed the risks associated with its volatility. In 2018, he even said that his clients had zero interest in crypto. But things have changed a lot since then.
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