Bitcoin is an international currency: says the head of BlackRock

Larry Fink, who heads a financial company, made a statement on FOX BUSINESS. He said that investors are able to use digital gold to protect themselves from inflation. He proposed such an alternative to traditional precious metals.

What else did SEO BlackRock report

He additionally noted that cryptocurrencies in most cases play the role of "moving" gold into the digital space. He believes that Bitcoin is an international asset. At the same time, the expert noted that at first he had a lot of skepticism about cryptocurrencies. However, now his opinion has changed.

Recall that in mid-June, the company filed an application with the SEC to launch a spot bitcoin ETF. The head of the company said that he was ready to work with the regulator and listen to their doubts about the product.

He added that the company has a positive experience of cooperation with regulators. At the same time, he noted that the financial giant wants to be sure of considering all the risks that relate to the sent initiative.

Fink said that the giant will make the cryptocurrency more democratic and cheaper for investors. It should be noted that one of the founders of the Gemini cryptocurrency exchange, K. Winklevoss, was critical of the department for their disapproval of spot bitcoin ETFs.

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