BlackRock CEO 'Probably More in Jimmy Dimon's Camp'

BlackRock CEO ‘Probably More in Jimmy Dimon’s Camp’


BlackRock’s Lawrence Fink sees a A huge role for digital currency.

while appearing in the offer CNBC Squawk FundLarry Fink, CEO of BlackRock, the world’s largest asset manager, has revealed that he partially shares Jamie Dimon’s view of cryptocurrencies. Fink notes that, like JP Morgan’s general manager, he doesn’t see much value in cryptocurrencies.

In response to whether he changed his mind about providing cryptocurrency products or reaching investors, he said that BlackRock was in the process of evaluating cryptocurrency and blockchain technology in general. The executive also said he was not sure whether the assets would rise or fall significantly.

However, he did point out how crypto-currency investors are interested in diversifying their investments. According to him, Fink believes that digital currencies will play a huge role in the future.

“I’m not a student of Bitcoin, so where it’s going, I can’t tell you if it’s going to $80,000 or zero. But I am convinced that digital currency has an important role to play, and I think this will help consumers around the world.”, did he say.

During an interview with Squawk Box, in which he also touched on the state of investing in global markets, Fink revealed that the company has not noticed much interest in digital assets.

“We see very little demand for these kinds of things [crypto-monnaies] “.

His skeptical comments come days after JPMorgan CEO Jamie Dimon claimed he does not believe in cryptocurrencies, even though the bank’s clients have seen otherwise. At the recent annual meeting of members of the Institute of International Finance, the CEO of JPMorgan Bitcoin worthless, questioned its rarity, and suggested that the supply cap could be changed.

This isn’t the first time Dimon has mocked digital assets, having called bitcoin a fraud in the past. It is interesting to note that Values The value of Bitcoin could increase tenfold over the next five years. He also clarified at the members meeting that his personal mockery did not prevent the company from providing secure access to the asset if investors so desired.

“If they want access to buying Bitcoin, we can’t keep it, but we can give them access as legitimate and clean as possible.”, did he say.

These critical notes about Bitcoin are not well received by the crypto community, with many users pointing to the surge that Bitcoin has seen over the years. Some went even further Subtract More than 400 high-profile Bitcoin “Obituaries” have been proven false. For his part, Michael Saylor of MicroStrategy believes that the frustrations with bitcoin come from a lack of understanding of digital assets.

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