In an interview with CNBC following the second-quarter earnings report, Larry Fink, the CEO of asset management giant BlackRock, expressed his optimism about the increasing demand for cryptocurrencies among gold investors. He pointed out that “more and more” gold investors have been inquiring about the role of cryptocurrencies over the past five years, with a focus on the role of Exchange-Traded Funds (ETFs) in enabling access to gold for everyone, which could also apply to cryptocurrencies.
Fink added, “If we look at the value of our currency (the dollar) and how it has declined in the past two months and how much it has risen over the past five years… a global cryptocurrency could really surpass that,” expressing his belief in significant opportunities and the growing global interest in cryptocurrencies.
Last month, BlackRock filed an application for approval to launch a Bitcoin ETF directly, along with a monitoring agreement, which could be a crucial factor in the Securities and Exchange Commission’s (SEC) decision to approve such a product after rejecting multiple applications in recent years.
Fink further stated, “Like any new market, if BlackRock’s name is on it, we’re going to make sure it’s safe and protected,” reaffirming the company’s commitment to providing secure products for investors in this field.
