The CEO of BlackRock, Fink says that crypto and blockchain will play a big role in the global economy. Regardless, of his own reservation about the technology’s future. Currently, RickRock is Largest Asset Manager on Earth.
Larry Fink while speaking in a new interview on CNBC’s Squawk Box, says that he’s in the “Jamie Dimon camp”. Notably, Jamie Dimon is CEO of banking giant JPMorgan. He’s popularly a bitcoin and crypto critics, calling bitcoin ” worthless”
Fink explains
“We’re studying blockchain and the whole concept of crypto and we believe that it will…”
“play a very large role whether it is a crypto governmental currency…”
“I’m probably more in the Jamie Dimon camp, but I am fascinated by so many people’s interest…” Fink continues,
“It’s fantastic, I love the fact that more people are looking to invest in different things,..”
“I believe this is a very good positive action. I’m not a student of Bitcoin [BTC] and where it’s…”
“going to go, so I can’t tell you whether it’s going to be $80,000 or zero…”
“But I do believe there’s a huge role for a digitized currency,..” Fink adds,
“and I believe that’s gonna help consumers worldwide. Whether it’s Bitcoin or more of an…”
“official governmental digital currency, a digital dollar, that will play out.”
Conclusively, Fink is heading BlackRock since 1988. Also, the firm currently has about $10 trillion worth of assets in custody. Fink notes that the crypto industry will produce big winners and big losers.
“Whether this is going to play out well in the long run, we’ll see…”
“As I said, I see huge opportunities in a digitized crypto blockchain-related currency,..” Fink explains,
“and that’s where I think it’s going, and that’s going to create some big winners and some big losers.”
“I’m probably more on the Jamie Dimon camp,” says Larry Fink on #crypto.
“I’m not a student of #bitcoin and where it’s going to go so I can’t tell you whether it’s going to $80K or 0…”
“But I do believe there is a huge role for a digitized currency.” — Squawk Box (@SquawkCNBC) October 13, 2021
Photo Credit – Fortune
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