Posted 12/4/2023, 12:50:00 PM
BlackRock CEO Larry Fink Goes From Bitcoin Skeptic to Leading Wall Street Supporter
- Larry Fink, CEO of BlackRock, is now one of Bitcoin's biggest supporters on Wall Street after previously being a skeptic
- BlackRock shocked the world by filing for a Bitcoin ETF in 2022, bringing new legitimacy to efforts to launch a spot BTC ETF
- Fink believes Bitcoin could democratize access to crypto and sees it as an increasingly important financial instrument
- Fink notes growing client interest in crypto and thinks Bitcoin could outshine fiat currencies in coming months
- BlackRock's Bitcoin ETF filing may have found an answer to SEC's market surveillance requirements, increasing chances of approval