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BlackRock CEO: Bitcoin is good, but should not make up a large proportion of investment portfolios
Summary: In breaking news, BlackRock CEO Larry Fink stated in an interview with CBS that he has had to reexamine Bitcoin, acknowledging that cryptocurrency serves a similar purpose to gold as an alternative asset. Fink pointed out that Bitcoin is not a bad asset, but should not make up a large proportion of investment portfolios. Fink ...
In breaking news, BlackRock CEO Larry Fink stated in an interview with CBS that he has had to reexamine Bitcoin, acknowledging that cryptocurrency serves a similar purpose to gold as an alternative asset.
Fink pointed out that Bitcoin is not a bad asset, but should not make up a large proportion of investment portfolios. Fink revealed in a letter to investors this year that half of the demand for BlackRock's Bitcoin ETF comes from retail investors, with 75% of investors having never purchased iShares products before. (Decrypt)
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Link: BlackRock CEO: Bitcoin is good, but should not make up a large proportion of investment portfolios [Copy]
