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BlackRock CEO, Larry Fink has showered praises on Bitcoin as an asset class highlighting its positives. In a recent interview with CNBC, Larry Fink restated his belief in the crypto market leader. He stated that ‘it is a legitimate financial instrument, that allows you to have non-correlated type of returns, an instrument that you invest in when you’re more frightened of.’ The BlackRock CEO expresses belief in Bitcoin’s adoption in portfolios because of its attribute as digital gold and an alternative to a world where people are frightened of their existence. Fink, who was initially skeptical of the market is now a believer in its trajectory.
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