Blackrock CEO on FTX Collapse: Most Crypto Companies Aren't Going to Be Around – Featured Bitcoin News

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The CEO of Blackrock, the world's largest asset manager, says that most crypto companies will not be around. FTX cryptocurrency

The CEO of Blackrock, the world’s largest asset manager, says that most crypto companies will not be around following the collapse of crypto exchange FTX. However, the executive is still optimistic about blockchain technology.Larry Fink, the CEO of Blackrock Inc. , the world’s largest asset management firm, talked about cryptocurrency and the collapsed exchange FTX during an interview at the New York Times Dealbook Summit last week.

Blackrock had $7.96 trillion in assets under management as of the third quarter. The asset management firm invested $24 million in Sam Bankman-Fried ’s FTX through a billionaire fund it manages, the CEO explained. Regarding the FTX meltdown, Fink said: “We’re going to have to wait to see how this all plays out … I mean, right now we can make all the judgment calls and it looks like there were misbehaviors of major consequences.” The Blackrock chief executive believes that most crypto companies we see today will not be around, stating:Despite the problems surrounding FTX, Fink said blockchain technology is relevant for the future.

I believe the next generation for markets and next generation for securities will be tokenization of securities. Crypto exchange FTX filed for Chapter 11 bankruptcy on Nov. 11 and Bankman-Fried stepped down as the CEO. The company owes an estimated one million creditors billions of dollars. Other global asset managers that invested in FTX included the Singapore government’s

 

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Is this true? cz_binance binance If so then funds on Binance not safe either, they will be frozen if government takes action, right? Binance cryptocurrency FTXbankruptcy BinanceBankruptcy

Is this new? Oh folks, old tales every season. But what will survive?

Bullish!

gives me these vibes...

That's why some of them have already left the market or collapsed.

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We're in a crypto winter with both web2 and web3 companies laying off alot of people. The ones that make it through it will be STRONGER

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XRP

I

That makes no sense if he loves blockchain technology

🙄

Legend

Legend

In other words, his plan is to take over the industry

Perhaps he is right… but streakk definitely is here for good! Our amazing community will stay afloat no matter what!

Good luck

Sure

Sure

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Interesting 🤔 here’s a suggestion; Maybe if your friends didn’t shill FTX, SOL, & LUNA but instead, learned a thing or two about Cardano less people would get hurt. But you won’t, & the reason you won’t is simple, Cardano scares the VC’s since it’s for the people by the people.

🤣

Good luck

Good luck

Legend

Sure

Sure

I believe the next generation for markets and next generation for securities will be tokenization of securities. Agree?

Neither non-crypto...

Wallet y dex

Legend

He is for CDBC

Most asset management companies will not be around in a few years time.

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Legend

Good luck

Good luck

Sure

Yeah!

Legend

another old timer who has trouble seeing the future

Legend

Sure

Why doesn’t BlackRock guy mention how many banks have closed down and focus on which crypto companies are leading innovation ripple bitcoin ethereum coinbase Binance

All the centralized exchanges will collapse soon. Most are backed by their native tokens and it will follow FTX. Download SAITAPRO and invest in a DeFi ecosystem. saitapro saitama defi crypto

Sure

Good luck

Legend

Legend

Legend

As he said this while looking in the mirror.

333Crypto Pointing out the obvious is not what makes one a genius. It's what's not so obvious.

Sure

Legend

Sure

Legend

Legend

Good luck

The big dog on the block is threatening everyone already.

Good luck

Sure

Good luck

333Crypto

Legend

Good luck

Legend

Sure

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