BlackRock CEO Larry Fink Calls Bitcoin a “Hedge Against Debasement” as IBIT Crosses 781,000 BTC

• BlackRock CEO Larry Fink now calls Bitcoin “digital gold” and a hedge against currency debasement
• IBIT ETF has become the world’s #2 Bitcoin holder, with over 781,000 BTC in its treasury
• Fink says his view changed after seeing Bitcoin’s real-world utility as a store of value in unstable regions

BlackRock CEO Larry Fink has again reaffirmed his bullish stance on Bitcoin, calling it a “currency of fear” and a modern form of “digital gold.” 

In an interview at Legends Live @Citi, Fink outlined how tokenization and artificial intelligence stand as the two megatrends that will reshape the future of finance, while also sharing his personal journey from skeptic to believer in Bitcoin.

A Change in Perspective

Fink admitted that when he first  spoke about Bitcoin back in 2017, he dismissed it as a currency for “money launderers and thieves,” recalling his remarks on a panel alongside JPMorgan’s Jamie Dimon. 

The BlackRock CEO said that during COVID, he explored BTC and met with peop…

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