The CEO of BlackRock: “We have concluded that Bitcoin is an independent asset class and can serve as an alternative to commodities like gold.”
Larry Fink, CEO of BlackRock, has recently admitted that he was wrong about Bitcoin. He stated: “We have concluded that Bitcoin is an independent asset class and can serve as an alternative to commodities like gold.” The company currently holds 369,640 Bitcoins, worth over $24.26 billion, equivalent to 1.76% of the total Bitcoin supply. Fink also predicted that Bitcoin’s market size could grow to match that of the U.S. housing market, which is estimated at over $50 trillion. He further highlighted the importance of digitizing national currencies.
Source: finbold.com
