According to Larry Fink, bitcoin caught their attention and imagination

On the Documenting Bitcoin Twitter profile, one can watch a video of BlackRock CEO Larry Fink explaining that “ bitcoin has attracted the attention and imagination of many people. They are fascinated and excited. Recall that BlackRock is the largest asset manager in the world.

Larry Fink’s view on bitcoin has evolved

Speaking at the Council on Foreign Relations with former Bank of England Governor Mark Carney, BlackRock CEO Larry Fink said:

” Bitcoin has captured the attention and imagination of many people. Still untested, quite small compared to other markets. » Before going on to say: These big giants move every day…it’s a tight market. Can it evolve into a global market? Maybe… »

BlackRock appears to be the first major traditional asset manager to praise the potential value of Bitcoin. Indeed, Larry Fink is not the only company executive to show interest in the queen of crypto-currencies. Its chief investment officer, Rick Rieder, told CNBC that not only the Bitcoin is “here to stay”, but that it “will to a large extent replace gold”.

Will institutional investors definitely turn to Bitcoin?

The words of the chief investment officer of BlackRock seem to predict it in any case. Indeed, Il Rieder had declared: I think cryptocurrency is here to stay, and I think it’s sustainable… I think digital currency and the receptivity – especially the millennial receptiveness to technology and cryptocurrency – are real. Talking about the use of cryptos for payments, he says:

” Digital payment systems are real. So, I think Bitcoin is here to stay…»

” I don’t do much or nothing in my portfolios… But do I think it’s a durable mechanism that will largely replace gold ? Yeah, I do because it’s so much more functional than smuggling a gold bar… »

It is clearly unusual for large investment firms to talk so openly about the potential of bitcoin. I have to say that things changeespecially since MicroStrategy started making profits on Bitcoin.