BlackRock CEO Larry Fink recently stated the firm’s intention to make Bitcoin more accessible and affordable. Characterising Bitcoin as an “international asset”, Fink highlighted the current high expense to transact Bitcoin. BlackRock filed an application to launch a Bitcoin exchange-traded fund last month, which triggered a wave of similar filings from other asset management firms. Fink hoped that regulatory authorities would view these filings as a step towards crypto democratisation. Despite initial reservations, Fink now sees Bitcoin as digitising gold.
Source: https://www.bloomberg.com
