BlackRock CEO Larry Fink spoke in a US media interview (CNBC), endorsing the cryptocurrency:
- “My opinion five years ago was wrong”
- “I believe bitcoin is a legitimate financial instrument”
- BTC should be part of every investor’s portfolio
- an instrument you invest in when you’re more frightened ... when you believe that countries are debasing their currency by excess deficits
- “There’s a real need for everyone to look at it as one alternative”
BTC/USD has rallied back to the middle of its recent range. I know of folks calling that bottom just under $56K a week or so ago. Fink coming out now with his support.
![btc fink blackrock 16 July 2024 2](https://images.forexlive.com/images/btc%20fink%20blackrock%2016%20July%202024_id_f260ff42-35fa-40e2-bf0a-3b7f0559d7f3_size900.jpg)