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The CEO of the world’s largest asset management company has now come to the point where he sits down and talks about Bitcoin for hours. They launched a Spot Bitcoin ETF and are continuing the fight for Ethereum. The current conditions were unimaginable even a few years ago. In the 2010s, it was a big deal for snack bars to accept Bitcoin, but now the US exchange accepts BTC.
BlackRock CEO on Bitcoin
As the article was being prepared, BlackRock CEO Larry Fink made some important statements on FOX. The company’s expectations about Bitcoin are improving day by day, and for the first time last week, the demand in the ETF channel was negative. However, cumulative entries in ETFs have already exceeded 11 billion dollars.
The CEO of BlackRock believes that Bitcoin will survive in the long run and stated the following;
“Look, I am very optimistic about whether Bitcoin will survive in the long run. We are creating a market with more liquidity and more transparency, which surprised me a lot, and I could never have predicted this before.”
Bitcoin price fell after Coinbase exchange stated that its staking service is an investment contract. This issue is significant for exchanges operating in the US region, causing the price to drop from the $72,000 threshold to $68,359.
