BlackRock CEO Larry Fink Says There’s ‘Very Little’ Demand for Crypto
14 Jul, 2021•1 min read•Bitcoin
Blackrock CEO Larry Fink said in a CNBC interview Tuesday that he is not seeing much demand for digital assets.
Talking to CNBC Squawk Box before a call to discuss second-quarter earnings, Fink said he has been asked about crypto and bitcoin in the past, but not in the last two weeks. “We see very little demand for those [crypto] types of things,” Fink said. He has previously said bitcoin has “caught the attention” of many people and that the cryptocurrency market was still relatively small compared with others. "If we could improve financial literacy. If we could help more people focus on not just speculating of markets and the ups and downs but translating that into investing in the long run," Fink said, commenting on meme stocks. BlackRock said Wednesday it has about $10 trillion of assets under management.