Bitcoin in the starting blocks?
BlackRock is the world’s largest asset manager with over $7.4 trillion in assets under management. If the global giant hadn’t had much to say about Bitcoin Pro platform and cryptos, things seem to be changing according to its CEO’s latest speech.
Bitcoin highlighted by Larry Fink
Until recently, the few comments from high-ranking BlackRock members were, to say the least, very cautious, if not disinterested, about cryptomoney.
Larry Fink, the CEO of BlackRock, who was the first to criticize the interest of cryptos (except for blockchain technology), has just given a completely different tone at the Council on Foreign Relations, reported by CNBC.
The businessman began by explaining that, although the crypto-actives market is still under-exploited and unknown, more and more investors are interested in it:
„Bitcoin has attracted the attention and imagination of many people. This market is still unproven and is still quite small compared to other markets.»
Huge Potential for Bitcoin and the Cryptos Market
Where the statements of BlackRock’s most senior executive become interesting is when he admits that Bitcoin and cryptomoney could become a global market asset class :
„You see these very large movements [of money] every day. Yet it’s a narrow market. Can it evolve into a global market? It can. »
This even calls into question the omnipotence of the U.S. dollar, since Larry Fink wonders :
„Does this change the need for the dollar as a reserve currency? Having a digital currency [like Bitcoin] has a real impact on the U.S. dollar…it makes the U.S. dollar less relevant [to foreign holders]. »
Wouldn’t the CEO of BlackRock, before our stunned eyes, be beginning to agree with MicroStrategy CEO Michael Saylor, whose company is just about to shed US dollars and replace them with a bunch of bumpy bits and bobs?
In addition, a few weeks ago, BlackRock’s Chief Investment Officer Rick Rieder was also very optimistic about the future of Bitcoin, believing that the king of cryptos could even go so far as to „replace gold“.
For the moment, these are just declarations of interest rather than real announcements that could hint at future investments. If ever a global asset management giant like BlackRock were to switch to buying Bitcoins, everyone would know about it very quickly anyway.