{"id":40831,"date":"2021-04-15T21:00:25","date_gmt":"2021-04-15T18:00:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40831"},"modified":"2025-08-30T15:58:10","modified_gmt":"2025-08-30T12:58:10","slug":"blackrock-chief-sees-little-prospect-for-bitcoin-to-become-a-currency","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blackrock-chief-sees-little-prospect-for-bitcoin-to-become-a-currency\/","title":{"rendered":"BlackRock chief sees little prospect for Bitcoin to become a currency"},"content":{"rendered":"<p>Bitcoin will not replace fiat money, but it could become a major asset class. This is the view of Larry Fink, the CEO of BlackRock, which manages $8.7 trillion in assets, who spoke in an interview with CNBC.<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\\&#8221;It may become a great asset class and I do believe this can become a great asset class,\\&#8221; says Larry Fink. \\&#8221;I don&#8217;t believe we should think about <a href=\\\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\\\">#crypto<\/a> as a substitute of currency.\\&#8221;<a href=\\\"https:\/\/twitter.com\/hashtag\/btc?src=hash&#038;ref_src=twsrc%5Etfw\\\">#btc<\/a> <a href=\\\"https:\/\/t.co\/ykGNhZqVT7\\\">pic.twitter.com\/ykGNhZqVT7<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\\\"https:\/\/twitter.com\/SquawkCNBC\/status\/1382655364672393223?ref_src=twsrc%5Etfw\\\">April 15, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\n<\/div>\n<\/figure>\n<p>Despite the successful <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-shares-begin-trading-on-nasdaq-market-capitalisation-tops-100bn\">listing on Nasdaq of the cryptocurrency company Coinbase<\/a>, which was valued at $85.7 billion, Fink expressed skepticism about institutional adoption of cryptocurrency.<\/p>\n<p>According to him, he has not seen growing institutional interest in Bitcoin. In their circles, greater attention is drawn to risks from climate change, budget deficits and inflation.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;We are studying cryptocurrency, we have earned from it, but I would not say that we are seeing broad institutional interest worldwide,\\&#8221; noted Fink.<\/p>\n<\/blockquote>\n<p>Earlier, BlackRock <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-with-8-7-trillion-assets-signals-interest-in-bitcoin\">allowed entry into the Bitcoin futures market<\/a>.<\/p>\n<p>Larry Fink had already spoken about the possibility <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-ceo-larry-fink-sees-bitcoin-as-a-global-market-asset\">of turning the leading cryptocurrency into a global asset<\/a> in a conversation with former Bank of England governor Mark Carney.<\/p>\n<p>In November 2020, BlackRock&#8217;s chief investment officer Rick Rieder said that Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-bitcoin-could-replace-gold\">is capable of replacing gold<\/a>. In February, he <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-with-8-7-trillion-assets-signals-interest-in-bitcoin\">confirmed the firm&#8217;s interest in the first cryptocurrency<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin will not become a replacement for fiat money, but it could become a major asset class. This is the view of BlackRock CEO Larry Fink, who manages $8.7 trillion in assets, as he stated in an interview with CNBC.<\/p>\n","protected":false},"author":1,"featured_media":40832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,865,1138],"class_list":["post-40831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blackrock","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40831"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40831\/revisions"}],"predecessor-version":[{"id":40833,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40831\/revisions\/40833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40832"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}