News Formal

Crypto is 'digitizing gold' and bitcoin can revolutionize finance: Fink

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Canada News News

Crypto is 'digitizing gold' and bitcoin has the power to 'revolutionize' finance, BlackRock CEO says

Crypto is akin to"digitizing gold" and bitcoin has the power to"revolutionize" finance, according to BlackRock CEO Larry Fink.

Just days ago, the Securities and Exchange Commission told the CBOE and Nasdaq, which filed the bitcoin ETF applications for BlackRock and Fidelity,To that effect, Fink said he is willing to work with regulators. "We do believe if we can create more tokenization of assets and securities, and that's what bitcoin is, it could revolutionize again, finance. We look at this as an opportunity to move one step further in terms of providing investors fractions of shares, fractions of this, democratizing the cost of investing," he added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BlackRock CEO Larry Fink Says Bitcoin Could ‘Revolutionize Finance’On the heels of his firm's filing for a spot bitcoin ETF, BlackRock's Larry Fink talks about crypto revolutionizing finance. $BTC, $BLK HeleneBraunn reports
Source: CoinDesk - 🏆 291. / 63 Read more »