Larry Fink on new role of cryptocurrency

October 18, 2023

Dear Reader,

Larry Fink's take on cryptocurrency is baffling.

Until you look a little closer.

In case you don't know, Fink is the CEO of Blackrock, the largest money management firm in the world.

Currently holding an estimated $10 trillion in assets under management.

Anyway, circa 2017 Fink called bitcoin an "index of money laundering."

He's sure changed his tune since then.

In an interview with Fox Business yesterday, Fink said crypto represents a "flight to quality."

Hmn?

Could his about-face have anything to do with Blackrock attempting to get SEC approval of its spot bitcoin exchange-traded fund?

Maybe. (Uhh… probably!)

What is obvious is that Fink is skating to where the money is going.

In 2017, the crypto market cap barely reached $19 billion.

Today, the market sits at just over $1 trillion.

Massive growth in half-a-decade.

Despite the ups and downs, the market is nowhere near maturing.

More growth is underway as mainstream adoption continues.

For those who want a "leg up" on the market, Cointelegraph Markets Pro offers a cutting-edge AI-powered trading platform built to find events that move crypto prices… and… alert users before select coins break out.

Regards,

Max K.
Markets Pro Team