Gold

<ul class="wp-block-list news-points">
 <li>Larry Fink acknowledges the increasing acceptance of Bitcoin as a legitimate investment option.</li>
 <li>The BlackRock CEO recognizes Bitcoin as an asset class in itself, comparing it with gold.</li>
 <li>Nate Geraci slams the critics who still believe that cryptocurrency is a scam.</li>
</ul>
Larry Fink, CEO of BlackRock, the world’s largest asset manager, has affirmed Bitcoin’s status as a legitimate investment option, likening it to gold. During the <a href="https://www.nasdaq.com/articles/blk-earnings-blackrock-reports-robust-results-q3" target="_blank" rel="noopener noreferrer nofollow">Q3 2024 earnings call</a> on Friday, Fink discussed Bitcoin’s potential market expansion despite regulatory hurdles.
Fink expressed optimism about Bitcoin’s future growth, stating that the continued advancement in cryptocurrencies and blockchain technology will significantly impact global finance. Reiterating his belief in Bitcoin’s legitimacy as an investment, the BlackRock CEO said that asset utilization would increasingly become a global reality. He added:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “We believe bitcoin is an asset class in itself. It is an alternative to other commodities like gold.”
</blockquote>
Prominent crypto voices like Nate Geraci and Eric Balchunas highlighted Fink’s recognition of Bitcoin and other digital assets. Shedding light on the growing acceptance of Bi…
The post <a href="https://coinedition.com/blackrocks-fink-bitcoin-is-an-asset-class-like-gold/" rel="noopener noreferrer nofollow">BlackRock’s Fink: Bitcoin is an Asset Class, Like Gold</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

BlackRock’s Fink: Bitcoin is an Asset Class, Like Gold

Coin Edition

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