BlackRock CEO Larry Fink publicly admits he was wrong about $BTC and crypto, marking a major shift from his 2017 stance that linked crypto to illicit activities. He now views Bitcoin as an uncorrelated hedge against financial instability and calls it an "asset of fear." This change aligns with BlackRock's successful Bitcoin ETF and growing collaboration with Coinbase on tokenization. The shift signals increasing institutional acceptance and integration of crypto into traditional finance.
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BlackRock CEO Larry Fink publicly admits he was wrong about $BTC and crypto, marking a major shift from his 2017 stance that linked crypto to illicit activities. He now views Bitcoin as an uncorrelated hedge against financial instability and calls it an "asset of fear." This change aligns with BlackRock's successful Bitcoin ETF and growing collaboration with Coinbase on tokenization. The shift signals increasing institutional acceptance and integration of crypto into traditional finance.