Cryptocurrencies, especially Bitcoin (BTC), have the potential to revolutionize the financial system, said Larry Fink, CEO of BlackRock, the world’s largest asset manager. said in an interview with Fox Business.
“We believe that if we can advance the tokenization of assets and securities, we can revolutionize finance in the same way that Bitcoin has.”
Fink, previously known for his crypto skepticism, suggested several years ago that crypto fans were using crypto for “illegal activities.”
“Instead of investing in gold as a hedge against inflation, a hedge against national embarrassment, or a hedge bit against currency devaluation, just to be clear, bitcoin is a global asset and is based on a specific currency. There is no such thing, so it can be an asset that can be used as an alternative.
BlackRock’s ETF brand, iShares, has filed for a Bitcoin ETF with the SEC (U.S. Securities and Exchange Commission) on June 16. Almost all of BlackRock’s ETF applications have been approved so far, but Fink could not say when a decision on the Bitcoin ETF would be made.
“We are working with regulators, as we have been, and hopefully one day the application will be approved.
Bitcoin fell about 1% in 24 hours, near $ 30,475 in 24 hours as of 7:15 Japan time on the 6th.
｜Translation: CoinDesk JAPAN
｜Editing: Takayuki Masuda
｜Original: BlackRock CEO Larry Fink Says Bitcoin Could ‘Revolutionize Finance’