BlackRock CEO Larry Fink: Bitcoin is a real financial tool

In the world of cryptocurrency, BlackRock's CEO Larry Fink has always been a figure worth paying attention to. He has shifted from being a skeptic of Bitcoin in the past to now being an advocate, drawing widespread attention in the financial industry. Recently, he shared his views on Bitcoin and other cryptocurrencies in an interview, emphasizing their importance as legitimate financial instruments.

From Doubt to Faith: Larry Fink's Transformation Journey

From Skeptic to Advocate

Larry Fink admitted that he was once a skeptic of Bitcoin, but his views have significantly changed after in-depth research. In an interview, he stated, "My view five years ago was wrong, and now I believe Bitcoin is a genuine financial instrument."

The Legitimacy and Potential of Bitcoin

Fink emphasized that while Bitcoin carries the risk of misuse, it remains a legitimate financial instrument. He pointed out that Bitcoin can provide returns unrelated to other assets, especially as a hedge when a country devalues its currency due to excessive deficits.

The Advantages of Bitcoin as an Investment Tool

Non-traditional Investment Returns

Fink believes that Bitcoin can offer non-traditional returns, particularly in times of currency devaluation or economic instability. He stated, "Bitcoin is a tool you invest in when you fear the world."

Role in Investment Portfolios: Digital Gold

Fink believes that Bitcoin will become an essential asset class in investment portfolios, similar to "digital gold." He emphasized that Bitcoin provides investors with a financial control mechanism in the face of global uncertainty.

Optimism for the Future: A Massive Industry Ahead

While Bitcoin is often seen as a hedging tool, Fink emphasized that Bitcoin is not a "hope tool" unless investors hope to earn substantial money through it.

"I think it's important for everyone to see it as an alternative. I'm optimistic about the world. If you want to hedge 'hope,' then Bitcoin is not a tool for hope unless you hope to make a lot of money through it. But I think it's a tool to express your financial acuity. When you feel fearful about the world and your existence, you will rely on it more. I believe this will bring about a massive industry."

He is confident in Bitcoin's role in investment portfolios and believes it will become a significant asset class in the future.