Larry Fink states that crypto has a role similar to gold, signaling a notable shift in how the BlackRock chief describes digital assets.
BlackRock CEO Larry Fink said he has "relooked at his assumptions" about Bitcoin and crypto and now sees a role for crypto comparable to gold. The remark indicates a change in his public view of digital assets and frames crypto as a potential store-of-value asset, similar to how investors often view gold during periods of uncertainty.