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2 clusters · 6 sources · 8 days · First seen 13 days ago · Last updated 6 days ago

BlackRock institutional stance on Bitcoin

Overview

BlackRock leadership has increasingly framed Bitcoin as a legitimate institutional asset. Robbie Mitchnick, the firm’s digital assets head, suggested Bitcoin is evolving into a potential hedge against currency erosion and public debt, noting its behavior is becoming more like gold as its correlation with the Nasdaq decreases.

This sentiment aligns with a broader shift by CEO Larry Fink, who has moved from criticizing the asset in 2017 to describing it as ‘digital gold.’ BlackRock now provides institutional access via its iShares Bitcoin Trust. While the firm has focused its cryptocurrency ETF offerings on Bitcoin and Ethereum, Fink has declined to comment on the potential launch of an XRP ETF, amid speculation regarding the firm’s future involvement in other digital assets.

Entities

BlackRock · Bitcoin · Kevin Warsh · XRP · Robbie Mitchnick

Timeline

6 days ago

[BUSINESS] 2 sources
BlackRock CEO Larry Fink shifts stance on Bitcoin and XRP
BlackRock CEO Larry Fink has transitioned from a Bitcoin critic to a supporter, calling it ‘digital gold’ as the firm expands its institutional crypto offerings, though he declined to comment on a potential XRP
13 days ago

[BUSINESS] 4 sources
BlackRock official compares Bitcoin's long-term role to gold
BlackRock's Robbie Mitchnick views Bitcoin as an emerging monetary alternative similar to gold, even as the asset faces short-term volatility and struggles to maintain the $80,000 price level.

Sources

cointribune.com · fortunegreece.com · journalducoin.com · kriptotarca.hu · otravel.com · timestabloid.com