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Larry Fink, Blackrock CEO, now loves Bitcoin (and Crypto).

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thefool

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“Over the last five years, more and more global investors are asking us about the role of crypto—and like I said, I do think a lot of crypto is an international asset.”

“More importantly, because it’s so international, it’s going to transcend any one currency in currency valuation,” he continued, adding that an “international crypto product” can “transcend” the problem of dollar devaluation."


Crypto is akin to "digitizing gold" and bitcoin has the power to "revolutionize" finance, according to BlackRock CEO Larry Fink.



Yet, in 2017, he wasn't as enthusiastic:

“Bitcoin just shows you how much demand for money laundering there is in the world,” Fink, the head of the largest asset management firm in the world, said at an Institute of International Finance meeting. “That’s all it is.”


Funny....

On (un)related news Bitcoin halving will happen in 274 days
 
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