CEO of $9.5 Trillion Asset Manager Suggests That Bitcoin May Be Worthless
Larry Fink, the CEO of asset management behemoth BlackRock, expressed his skepticism about Bitcoin during his Oct. 13 appearance on CNBC.
When asked about whether or not he agrees with JPMorgan CEO Jamie Dimon’s comments about Bitcoin being worthless, Fink said that he was in the banker’s camp.
I’m probably more on the Jamie Dimon camp.
Fink went on to explain that he has no idea whether the Bitcoin price is going to shoot up to $80,000 or collapse to zero:
I’m not a student of Bitcoin. and where it's going to go so I can't tell you whether it's going to $80K or 0.
Dimon has once again emerged as the biggest crypto villain with his most recent anti-Bitcoin statement. Famed whistleblower Edward Snowden called Dimon “a boomer,” highlighting the generational divide.
Fink, however, believes that there is a “huge” role for digital currencies, seemingly adopting a crypto-agnostic view on the industry.
Back in May, after Tesla crashed the crypto market by halting crypto payments, Ark Invest boss Cathie Wood suggested that Fink and BlackRock’s ESG agenda were the reason behind the U-turn.Source