On July 15, during an interview with CNBC, Larry Fink, CEO of BlackRock, acknowledged that he had changed his opinion on Bitcoin.Fink admitted to having been wrong about Bitcoin, previously calling it an “index of money laundering.” He stated that he changed his opinion after a period of study and thorough analysis.Recognizing it as “digital gold,” Fink declared:“It is a legitimate financial instrument that allows you to maybe have uncorrelated type of returns. I believe it is an instrument that you invest in when you’re more frightened, though. It is an instrument when you believe countries are debasing their currency by excess deficits, and some countries are.”He also highlighted Bitcoin’s potential to provide financial control to individuals living in countries with oppressive and authoritarian governments, adding:“I believe there are countries where you fear for your day-to-day existence and have the opportunity to invest in something that is beyond your country’s control.”
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21 sats \ 0 replies \ @fm 16 Jul 2024
He is just selling his ETF..
You can notice in the interview he talks about returns.. This is the fiat mindset and the promotion of his product..
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