Bitcoin can revolutionize the financial sector

Yesterday, on June 5, Fox Business published an interview with Larry Fink, CEO of BlackRock, which was held on the network. During the conversation with the host, the top manager stated that cryptocurrencies still have huge potential. At the same time, some assets, in particular, bitcoin, can make a real revolution in the field of finance.

«We believe that the tokenization of real assets, which is the class I consider BTC to be, can revolutionize finance. Instead of investing in gold to avoid inflation, burdensome problems or devaluation, use bitcoins. Let’s be clear — it is an international asset, it is not tied to any currency, which makes it a great alternative,» Fink said.

Interestingly, the BlackRock CEO was a cryptocurrency skeptic in the past.

As for tokenization, Fink continues to emphasize the importance of this trend. In his opinion, tokenization will become the next trend in the crypto industry.

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 through 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».

It should be added that as of July 6, the flagship cryptocurrency is worth $ 31,376, an asset that has grown by more than 2%. The coin’s market capitalization is $ 658.4 billion, and traders have made daily trading deals worth $ 15.6, which is 45% higher than yesterday. Bitcoin’s market share has reached 50%.