BlackRock CEO Larry Fink questions the practicality of using Bitcoin (BTC) for everyday transactions, saying that Bitcoin is not publicly recognized purely as an asset class. I have repeatedly stated that it should be done.
In an interview with CNBC on January 11, Fink expressed his belief in Bitcoin, viewing it as an alternative store of wealth rather than a candidate to replace a national currency.
“I don't believe it's going to be a currency. I believe it's an asset class.”
However, he believes central bank digital currencies (CBDCs) will become a reality in the near future.
“I think we're going to create a digital currency and use technology to do that. We're going to use blockchain,” he said.
According to recent data from Cointelegraph, more than 100 countries are considering the topic of CBDC, and 39 countries have launched pilots, proofs of concept, or CBDC initiatives.
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However, when asked about his stance on ARK Invest CEO Cathie Wood's latest Bitcoin valuation prediction of $600,000 to $1 million, Fink said price is not his main concern at this point.
“I hadn’t even thought about it,” Fink said, as the company is primarily focused on providing “a means by which wealth can be stored” through the newly approved Spot Bitcoin exchange. , explained that it's not a top priority for him. – Traded funds (ETFs).
“I think the closer we get to that high, the more valuable gold will become. And just to be clear, if you think this is digital gold, there is a reference point between gold and Bitcoin. is.”
Meanwhile, in a separate interview with Fox Business the same day, Fink made it clear that Bitcoin ETFs will help legitimize an industry that has been met with skepticism from the beginning.
“The emergence of Bitcoin ETFs is an example of how we are legitimizing Bitcoin ETFs and making them more secure,” he said. said.
This follows news on January 10 that the US Securities and Exchange Commission (SEC) approved BlackRock's Spot Bitcoin ETF application to begin trading in the US, among 10 other applications.
Additionally, on January 11th, Cointelegraph reported that BlackRock has historically recorded 575 approvals to 1 ETF rejection, and is currently 576-to-1 with spot approvals for Bitcoin ETFs. It was reported that there was.
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