CEO of BlackRock, the world’s largest asset management company: Cryptocurrency will eventually become “a great asset”

CEO of BlackRock, the world’s largest asset management company: Cryptocurrency will eventually become “a great asset”

When attending CNBC’s “Squawk Box” program on Thursday, Larry Fink, chief executive officer of BlackRock, the world’s largest asset management company, believed that cryptocurrency could become “a great asset class.”

BlackRock lnc. is BlackRock Group, also known as Black Rock Group, which is different from The Blackstone Group, one of the world’s largest private equity funds. BlackRock Group (NYSE: BLK) is the largest listed investment management group in the United States. The group is headquartered in New York, USA, and provides services to customers through its offices throughout the United States, Europe and Asia.

As early as November last year, BlackRock’s global fixed income chief investment officer RIO Rieder also talked about using Bitcoin instead of gold in an interview with “Squawk Box”. At that time, Rieder said, “I think the development of cryptocurrency will be lasting. , And we have seen central banks talking about digital currency. I think the acceptance of digital currency and technology and cryptocurrency (especially the acceptance of millennials) is real. Digital payment systems are also real, so I Think that Bitcoin will continue to exist.”

BlackRock has already begun to deploy the entire crypto market earlier this year. In January, the company announced a vacancy for a blockchain and cryptocurrency executive, seeking a vice president of blockchain for its New York office. Recruitment requirements indicate that candidates for this position should be able to create a valuation model of cryptocurrency, but also evaluate other aspects such as governance models and basic technology. Then, according to regulatory documents, BlackRock began trading bitcoin futures. And in January through its two funds to provide investors with bitcoin risk exposure applications.

Larry Fink has long admitted that Bitcoin is becoming more and more popular. He said that Bitcoin has the potential to become a global market asset last year. In his conversation with former Bank of England Governor Mark Carney, Fink stated that BlackRock’s interest in Bitcoin is increasing. “The search volume on the website is increasing rapidly. Bitcoin meets the needs of many people and may become popular, and it will also have a place in the world’s financial system.”

Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.