BlackRock CEO Larry Fink recently mentioned the Ethereum ETF in an exclusive interview with CNBC. In another interview with Fox Business, he praised Bitcoin as a store of value and a tool to combat government economic manipulation.
( BlackRock CEO Larry Fink is optimistic about Ethereum ETF: Towards a tokenized future )
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ToggleLarry Fink: China Bans Bitcoin Because of Totalitarianism
Larry Fink was interviewed by Fox Business after the adoption of the Bitcoin Spot ETF. He praised Bitcoin as a store of value and a tool to combat government economic manipulation.
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He said:
To be clear, if you are in a government or country that you fear, this may be one of the reasons why China banned Bitcoin. If you're in a country that you're afraid of for the future, that you're afraid of, or you're worried about devaluing the currency because of a government deficit that's too big, Bitcoin is a good long-term store of value.
Larry Fink's current statement is far from his position in 2017, when he claimed that Bitcoin was a money laundering index, but he did not deny in the interview that Bitcoin is still one of the tools for illegal activities.
Before answering Bitcoin-related issues, Larry Fink pointed out that the U.S. economy is sufficiently stressed. He believes that inflation has clearly "cooled" and the overall economy is in a very favorable position.
Bitcoin is a multinational ledger bigger than all governments
Host Charlie Gasparino still argued for this, saying that gold still has practical uses in industry and jewelry, while Bitcoin is just a ledger in comparison.
Larry Fink said:
But it's an international ledger, it's transnational, it's a larger transnational ledger than any government I've ever seen.
Charlie Gasparino also mentioned the FTX incident, but Larry Fink emphasized that there are many bad players in all new fields, and Bitcoin is gradually moving towards compliance. The emergence of ETF is a good case.
