Larry Fink, CEO of BlackRock, Likens Bitcoin to Gold Amidst Spot BTC ETF Launch
Larry Fink, CEO of BlackRock, has drawn parallels between Bitcoin and gold, comparing the digital asset to the popular yellow metal. Fink’s comments came just a day after spot Bitcoin exchange-traded funds (ETFs) went live, signaling a significant development in the mainstream adoption of cryptocurrencies. Speaking to CNBC, Fink highlighted Bitcoin’s utility as a store of wealth and made reference to its limited supply and upcoming halving event in April, which he believes will contribute to future price increments. BlackRock, the world’s largest asset manager, is among the 11 issuers approved by the Securities and Exchange Commission (SEC) to launch spot Bitcoin ETFs on registered national exchanges such as Nasdaq.
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