BlackRock: Bitcoin can outperform the US dollar and other currencies

At the end of last week, BlackRock CEO Larry Fink said that bitcoin could become one of the leading assets in the global financial sector in the future. Fink said this on CNBC.

According to the BlackRock CEO, BTC can outperform even the US dollar in terms of market capitalization. Larry Fink agreed with those experts who believe that the introduction of bitcoin contributes to the democratization of the financial infrastructure.

«We are responsible for democratizing investments. We have already done a lot of work, ETFs are accelerating the transformation of investments, but we are only at the beginning of this journey,» the head of the investment company emphasized.

Larry Fink suggested considering BTC as one of the classes of independent assets that have enormous potential. That is why his company is ready to launch an exchange-traded crypto ETF that tracks the performance of bitcoin on the spot market.

As a reminder, BlackRock has reapplied for the registration of a spot bitcoin ETF. This led to a jump in the BTC rate, which broke the important $ 31,000 mark. Binance CEO Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao commented on BlackRock’s actions, noting that the industry will benefit from the participation of large players: «The more the merrier.»