https://bitcoinmagazine.com/business/blackrock-ceo-larry-fink-says-bitcoin-is-an-international-assetBlackRock’s CEO, Larry Fink, has made an appearance on Fox Business where he stated that the role of bitcoin and crypto is “digitizing gold.”
“Instead of investing in gold as a hedge against inflation … or the devaluation of your currency … [bitcoin] can represent an asset that people can play as an alternative,” Fink stated. The description reinforces the perception of bitcoin as a store of value, akin to the role gold has traditionally played in investment portfolios. By likening bitcoin to gold, Fink acknowledges the international nature of the digital asset, highlighting its potential as a global store of wealth — and indeed, during his news appearance, Fink further emphasized that, "Bitcoin is an international asset."
The televised statement underscores the conviction Fink, and likely BlackRock, have in bitcoin and its potential role in the future. Fink's recognition of bitcoin's international appeal further bolsters the case for increased institutional interest and investment.