JAKARTA - In a world full of uncertainty due to recent geopolitical tensions that have affected various sectors including finance. Crypto is considered a formidable investment instrument.
Larry Fink, CEO of BlackRock, a leading investment management company with assets worth 10 trillion US dollars (equivalent to Rp157 quadrillion), recently gave his positive views on cryptocurrencies, particularly Bitcoin.
In an interview with Fox Business, Fink stated that he sees crypto as an asset class that is parallel to "flight to safety" investments such as gold and US government bonds. This means that in an unstable economic condition, crypto, especially Bitcoin, can be an option for investors.
This statement was made amid rumors about approval of Bitcoin's ETF proposal, which is believed to have affected Bitcoin rallies recently. Fink also believes that cryptocurrencies will play an important role in escaping to quality assets in uncertain situations such as Israel's ongoing conflict.
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According to Fink, crypto can be a formidable investment alternative in the modern era. He has also proposed a Bitcoin ETF, which is expected to open up crypto investment opportunities for more people.
Larry Fink's positive view of crypto is an important signal about the greater acceptance and role of cryptocurrencies in the global financial world. The CEO of a BlackRock investment management company sees the potential of crypto as a safe haven asset, which can be an escape when economic conditions are uncertain.
The plan to create Bitcoin ETF shows that cryptocurrencies are increasingly accepted in various segments of investors, including large institutions. Despite a change in view from 2017 which was initially critical of Bitcoin, Fink now sees crypto as an integral part of modern investment options.
With more and more financial industry leaders like Larry Fink admitting the potential of cryptocurrencies, it seems we will see more integration between traditional financial worlds and future digital currencies.
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