BlackRock’s Larry Fink Says Bitcoin “Is Not A Bad Asset” For Investors Looking To Diversify
BlackRock CEO Larry Fink says Bitcoin could serve as a portfolio diversifier for investors who are comfortable taking on some risk. “For those looking to diversify this is not a bad asset,” he said about BTC during a recent interview with 60 Minutes. However, he said, “but I don’t believe that it should be a large component of your portfolio.” There Is Now A Role For Bitcoin And Crypto, Says BlackRock’s CEO Fink’s latest remarks are a pivot from his earlier criticism of Bitcoin. The BlackRock CEO acknowledged that he has not always been a fan of Bitcoin and the broader crypto market. “I did say Bitcoin, because we were talking about Bitcoin then, was the domain of money launderers and thieves,” he said. “But you know, the markets teach you, you have to always relook at your assumptions,” he added. Now, Fink believes “there is a role for crypto in the same way there is a role for gold,” and added t...