{"id":46114,"date":"2021-07-14T19:36:17","date_gmt":"2021-07-14T16:36:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46114"},"modified":"2025-09-01T14:43:39","modified_gmt":"2025-09-01T11:43:39","slug":"blackrock-chief-notes-scant-client-interest-in-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blackrock-chief-notes-scant-client-interest-in-cryptocurrencies\/","title":{"rendered":"BlackRock chief notes scant client interest in cryptocurrencies"},"content":{"rendered":"<p>BlackRock chief executive Larry Fink said in a CNBC interview that he does not see strong demand for cryptocurrencies among the firm&#8217;s clients.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\u00abIf we could improve financial literacy. If we could help more people focus on not just speculating on markets and the ups and downs but translating that into investing in the long run,\u00bb <a href=\"https:\/\/twitter.com\/search?q=%24BLK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BLK<\/a>\u2018s Larry Fink on meme stocks <a href=\"https:\/\/twitter.com\/search?q=%24AMC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$AMC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24GME&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GME<\/a>. \u00abI look at this as a possibly good first step.\u00bb <a href=\"https:\/\/t.co\/Uqyssz75U6\">pic.twitter.com\/Uqyssz75U6<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1415277898957828100?ref_src=twsrc%5Etfw\">July 14, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Fink noted that in the last two weeks BlackRock clients showed no interest in Bitcoin and other digital assets. Although demand had been there earlier, he added.<\/p>\n<p>The head of BlackRock acknowledged that investors interested in cryptocurrencies and meme stocks simply are not clients of the company.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf we could raise financial literacy levels. If we could help people focus not only on speculation, the ups and downs of the markets, but also shift their attention to long\u2011term investments,\u201d said Fink.<\/p>\n<\/blockquote>\n<p>According to him, higher financial literacy and long-term investing would make retirement less problematic for the next generation.<\/p>\n<p>Earlier, the head of BlackRock stated that <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-chief-sees-little-prospect-for-bitcoin-to-become-a-currency\">Bitcoin will not replace fiat money<\/a>, but could become a major asset class. He was skeptical about institutional adoption of digital gold.<\/p>\n<p>In April, BlackRock <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-with-8-7-trillion-in-assets-invested-in-bitcoin-futures\">added Bitcoin futures<\/a> to its portfolio, traded on the Chicago Mercantile Exchange.<\/p>\n<p>In May, Fink <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-chief-says-cryptocurrencies-have-long-term-potential\">said<\/a> that cryptocurrencies have long-term potential, and the firm began studying them for hedging market cycles.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Larry Fink, BlackRock&#8217;s chief executive, said in a CNBC interview that he does not see strong demand for cryptocurrencies among the firm&#8217;s clients.<\/p>\n","protected":false},"author":1,"featured_media":46115,"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":[865,1269],"class_list":["post-46114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blackrock","tag-cryptocurrencies"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46114","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=46114"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46114\/revisions"}],"predecessor-version":[{"id":46116,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46114\/revisions\/46116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46115"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}