5 days ago
5
- Current Fink position: “not a bad asset,” comparable to gold as diversification alternative.
- Fink: Bitcoin should not be “a large component of your portfolio”.
- Rand Group: approximately 50M Americans own Bitcoin vs 37M who own gold.
Fink’s position moving from “the domain of money launderers and thieves” to “not a bad asset” in the same career is not a minor adjustment: it is the world’s largest asset manager publicly acknowledging that an asset it dismissed now deserves a place in a diversified portfolio, which is a different kind of validation than a price target or an ETF filing.
🚨NEW: Blackrock’s Larry Fink on Bitcoin
“I did say Bitcoin is the domain for money launderers and thieves”
“But the market teaches you to relook at you assumptions”
“There is a role for CRYPTO, in the same way there's a role for GOLD." pic.twitter.com/5E7qFAfZvT
— Coin Bureau (@coinbureau) Read Entire Article
English (US)