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BlackRock CEO Larry Fink declares Bitcoin 'digital gold' - IBIT ETF becomes second largest Bitcoin holder with over 781,000 BTC
BlackRock's Larry Fink calls Bitcoin 'digital gold' Larry Fink, the CEO of BlackRock, recently described Bitcoin as 'digital gold', underscoring the growing importance of this cryptocurrency in the financial world. Fink highlights that Bitcoin represents a valuable hedge against currency devaluation, especially during times of economic uncertainty. In addition, the IBIT ETF strengthens...
BlackRock CEO Larry Fink declares Bitcoin 'digital gold' - IBIT ETF becomes second largest Bitcoin holder with over 781,000 BTC
BlackRock’s Larry Fink calls Bitcoin “digital gold”
BlackRock CEO Larry Fink recently described Bitcoin as “digital gold,” underscoring the growing importance of this cryptocurrency in the financial world. Fink highlights that Bitcoin represents a valuable hedge against currency devaluation, especially during times of economic uncertainty.
In addition, the IBIT ETF is strengthening its position in the Bitcoin market: it manages over 781,000 BTC, making it the second largest Bitcoin investor in the world. This development reflects increasing interest from institutional investors who are considering Bitcoin as part of their investment strategies.
Overall, it shows that Bitcoin is increasingly being recognized as a serious investment instrument. Fink's assessment and the IBIT ETF's activities could represent a turning point in the perception of cryptocurrencies and accelerate their integration into traditional financial markets.