It’s true – a couple of years ago I would be surprised to learn that the CEO was a woman. BlackRock Bitcoin has many positive aspects.
Larry Fink is the head of one of the largest asset managers in history. I expected him to be Bitcoin’s most vocal critic. When compared with the dismissive comments on Bitcoin made by other Wall Street figures like Jamie DimonFink’s point of view is refreshing.
The earnings report yesterday proves that you are wrong.
Fink declared: “I’m not sure if either president would make a difference” Bitcoins’ growth is a growing concern” adding “You don’t think I believe [Bitcoin’s rise] “Regulation is the function.”
He continued to compare Bitcoin’s growth with much larger markets, like mortgages. Noting that liquidity and transparency are more important than rules for adoption.
This is amazing that the CEO is an 11 trillion-dollar company not only embraces Bitcoin but also understands why it thrives as a decentralized global currency that is free of politics.
Bitcoin is unaffected by regulation. Fink seems to grasp what many Bitcoiners don’t – that political winds don’t sway Bitcoin’s course long-term. Bitcoin will continue to reach new record highs despite Donald Trump and Kamala Haris.
Bitcoin’s technical excellence is what makes it so successful, not the regulatory generosity.
The promise of independence has always been there. The world’s biggest financial institutions are not fighting the movement, but instead joining it. Bullish.
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Source: bitcoinmagazine.com
