Larry Fink, the Chief Executive Officer of BlackRock, a global asset management giant with more than $7.4 trillion dollars in valuable properties under their surveillance – has declared Bitcoin as a Crypto with high potentials of evolving into a globally accepted asset and store of value. This bullish opinion on the digital gold appears to be called for, in view of the current Bitcoin (BTC) trends in recent times.
Just yesterday, the 1st of December, 2020, CNBC registered that Fink revealed how BTC has “caught the attention” of the general public even though the Crypto market is comparably smaller in size in contrast with other markets.
Black rock’s CEO particularly emphasized how the digital gold is set to evolve into a “global market asset” in his briefing with Mark Carney, the former Bank of England Governor.
CNBC also disclosed that Fink hinted that this new wave of digital currencies are potential threats to the United States dollar as these nascent currencies are set to shake the USD’s sit, thereby reducing the latter’s global importance especially to global owners of dollar-pegged properties.
Fink brought a somewhat important question to the fore:
“Does it change the need for the dollar as a reserve currency?”