BlockBeats news, on October 14, Larry Fink, CEO of BlackRock, stated in an interview with CBS that he has had to reassess Bitcoin, acknowledging that “crypto assets serve the same purpose as gold, both being alternative assets.” Fink pointed out that Bitcoin “is not a bad asset, but it should not occupy too large a proportion in a portfolio.” In a letter to investors this year, Fink revealed that half of the investment demand for BlackRock's Bitcoin ETF comes from retail investors, with 75% of those investors having never purchased iShares products before. (Decrypt)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BlackRock CEO: Bitcoin is good, but it should not occupy too large a proportion in the investment portfolio.
BlockBeats news, on October 14, Larry Fink, CEO of BlackRock, stated in an interview with CBS that he has had to reassess Bitcoin, acknowledging that “crypto assets serve the same purpose as gold, both being alternative assets.” Fink pointed out that Bitcoin “is not a bad asset, but it should not occupy too large a proportion in a portfolio.” In a letter to investors this year, Fink revealed that half of the investment demand for BlackRock's Bitcoin ETF comes from retail investors, with 75% of those investors having never purchased iShares products before. (Decrypt)