- Resurfaced video from BlackRock CEO ignites discussions in the crypto community.
- In the tape, the CEO said its website hits 3k for monetary policy and 600k for Bitcoin.
- Experts express optimism about the potential implications of BlackRock in BTC.
A resurfaced tape from two years ago featuring Larry Fink, the CEO of BlackRock, has sparked discussions within the crypto community, shedding light on the asset management giant’s interest in Bitcoin.
The Twitter post quoting the BlackRock CEO showcases his acknowledgment of Bitcoin’s increasing attention and allure among the masses. Fink revealed that while its website received 3,000 hits for monetary policy, it garnered a staggering 600,000 hits for Bitcoin.
Entrepreneur Alex Kruger quoted-tweeted the CEO’s video, commenting “May not be going to zero after all.”
May not be going to zero after all https://t.co/UvdDCpJV2M— Alex Krüger (@krugermacro) June 25, 2023
Further input from enthusiasts and experts reveals that BlackRock’s Bitcoin involvement holds significant potential in fostering optimistic sentiments.
Brian Jackson, the CMO at Kinsta, responded to the tweet, suggesting that BlackRock has likely been observing Bitcoin for some time. However, he also noted the slower pace of adoption in the traditional finance world.
The Twitter thread continued as another user chimed in, emphasizing the fundamental nature of Bitcoin as a currency designed to replace fiat. The Twitter user highlighted Bitcoin’s ability to function as a currency without intermediaries or tax implications, contrasting it with gold, which settles in fiat currency.
Notably, the potential involvement of BlackRock in Bitcoin, given its status as the world’s largest asset manager with $10 trillion in assets under management, signifies a significant step toward mainstream acceptance and adoption of crypto.
Experts have argued that a 0.3% of BlackRock’s fund can buy every Bitcoin on exchanges, as Coin Edition recently reported. The ongoing conversations surrounding BlackRock’s potential involvement in Bitcoin follow the firm’s recent application for a spot Bitcoin exchange-traded fund (ETF) with the U.S. regulator.
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