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

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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.

 

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