BlackRock CEO: China’s Ban on Bitcoin Makes Bitcoin a Larger Transnational Ledger than Governments
BlackRock CEO Larry Fink recently mentioned the Ethereum ETF in an interview with CNBC, while in another interview with Fox Business, he praised Bitcoin as a store of value and a tool to counter government economic manipulation.
Larry Fink: China Bans Bitcoin Due to Authoritarianism
Bitcoin is a transnational ledger larger than any government
Larry Fink: China Bans Bitcoin Due to Authoritarianism
Larry Fink, in an interview with Fox Business after the approval of the Bitcoin spot ETF, praised Bitcoin as a store of value and a tool to counter government economic manipulation.
He said:
To be clear, if you are in a government or country that you are afraid of, this may be one of the reasons why China banned Bitcoin. If you are in a future or country that you are afraid of, or if you are worried about currency depreciation due to excessive government deficits, Bitcoin can be a good long-term store of value tool.
Larry Fink’s current statement is far from his position in 2017 when he claimed that Bitcoin was a money laundering index. However, he did not deny in the interview that Bitcoin is still one of the tools for illegal activities.
Before answering questions related to Bitcoin, Larry Fink pointed out that the US economy is strong enough, and he believes that inflation has clearly “cooled down,” and the overall economy is in a favorable position.
Bitcoin is a Transnational Ledger Larger than Any Government
Host Charlie Gasparino still argued that gold has practical uses in industry and jewelry, while Bitcoin is just a ledger.
Larry Fink responded:
But it is an international ledger. It is transnational. It is a transnational ledger larger than any government I have seen.
Charlie Gasparino also mentioned the FTX incident, but Larry Fink emphasized that there are many bad actors in all emerging fields, and Bitcoin is gradually moving towards compliance. The emergence of ETFs is a good example.
Larry Fink
Bitcoin spot ETF
BlackRock
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