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BlackRock CEO Endorses Crypto as Inflation Hedge as BTC Stays Rangebound


BlackRock CEO Endorses Crypto as Inflation Hedge as BTC Stays Rangebound

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  • Larry Fink says investors who expect currency devaluation should hold crypto.
  • BlackRock’s iShares Bitcoin Trust (IBIT) is now the firm’s most profitable ETF.
  • Fink now views Bitcoin as a legitimate alternative asset, despite past criticism.

BlackRock CEO Larry Fink now explicitly positions Bitcoin as an essential hedge against global currency devaluation. The head of the world’s largest asset manager ($13 trillion AUM) stated crypto ownership makes sense “if you believe countries will continue to devalue their currencies,” drawing a direct parallel between Bitcoin and gold as crucial ‘fear assets’ in an uncertain world. 

This perspective gains considerable weight given the runaway success of BlackRock’s own Bitcoin ETF, even as Bitcoin’s price itself remains stuck in a tight range.

Read The Full Article BlackRock CEO Endorses Crypto as Inflation Hedge as BTC Stays Rangebound On Coin Edition.

Read the article at CoinEdition

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