BlackRock’s Larry Fink Compares Crypto Rise to the Mortgage Boom
BlackRock CEO Larry Fink made some intriguing remarks about the crypto industry during a Q3 earnings call, as shared on X by Bloomberg senior ETF analyst Eric Balchunas.
On this page
BlackRock CEO Larry Fink made some intriguing remarks about the crypto industry during a Q3 earnings call, as shared on X by Bloomberg senior ETF analyst Eric Balchunas.
As the U.S. presidential elections in November 2024 approach, the crypto world is keeping a close watch on political rhetoric. However, Fink expressed doubt that any candidate would significantly alter the crypto landscape, predicting that the adoption of digital assets will continue to grow on a global scale, regardless of political shifts.
…I'm not sure if either President or other candidate would make a difference. I do believe the utilization of digital assets are going to become more and more of a reality worldwide
Fink stated.
During the call, Fink also noted BlackRock’s efforts to assist institutions in understanding digital asset classes, comparing the crypto market’s expansion to the early development of the mortgage market.
Fink described Bitcoin as an alternative to commodities like gold, while also emphasizing Ethereum’s potential for expanded blockchain use.
Given that BlackRock manages both spot Bitcoin and Ethereum ETFs, Fink's statements reflect the company’s vested interest. Notably, on October 14, U.S. spot BTC ETFs saw an impressive net inflow of over $555 million, according to SoSoValue data—the highest since June.
As one of the largest asset management firms in the world, BlackRock now manages assets worth over $11.5 trillion. You can read more about this achievement in our exclusive report.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
