BlackRock's CEO Larry Fink stated his company is looking into digital currencies, stablecoins, and their underlying technologies.
BlackRock’s CEO Larry Fink stated his company is looking into digital currencies, stablecoins, and their underlying technologies.
Larry Fink – CEO of the multinational investment management corporation BlackRock – seems more and more convinced of the merits of the cryptocurrency industry. He said his company is studying digital assets broadly, while clients have recently shown great interest in the sector.The Chief Executive Officer of BlackRock – Larry Fink – was nowhere near that supportive of the cryptocurrency universe back in the days.
However, a few years later, Fink started softening his tone on the matter. In 2020, he said bitcoin had caught the attention of broad society, predicting that it could emerge as a global market. Fink went further, that BTC’s advancement could even threaten the US dollar’s dominance as the world’s reserve currency.on his support, forecasting that the digital asset could become a reliable source of value. All it needs is time to endure and prove itself, he added., he displayed his stance once again, saying BlackRock is currently “studying digital currencies, stablecoins, and the underlying technologies to understand how they can help us serve our clients.