{"id":33,"date":"2024-10-15T12:42:40","date_gmt":"2024-10-15T12:42:40","guid":{"rendered":"http:\/\/ci02ea11dc700025a1"},"modified":"2024-11-14T15:29:54","modified_gmt":"2024-11-14T15:29:54","slug":"blackrock-ceo-is-right-trump-and-kamala-cant-stop-bitcoin","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/featured\/blackrock-ceo-is-right-trump-and-kamala-cant-stop-bitcoin","title":{"rendered":"VIVEK: Larry Fink Is Right: Trump and Kamala Can\u2019t Stop Bitcoin"},"content":{"rendered":"
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I’ll admit – just a few years ago, I’d be shocked to hear myself say that the CEO of BlackRock<\/a> is making good points about Bitcoin. <\/p>\n

As head of the world’s largest asset manager, I assumed Larry Fink would be Bitcoin’s biggest critic. But compared to dismissive remarks on Bitcoin from other Wall Street leaders like Jamie Dimon<\/a>, Fink’s perspective is a refreshing change.<\/p>\n

If you think otherwise, yesterday\u2019s earnings call proves it.<\/p>\n

There, Fink declared, “I’m not sure if either president would make a difference” on Bitcoin’s growth,\u201d adding “I don’t believe [Bitcoin’s rise] is a function of regulation.”<\/p>\n

He went on to compare Bitcoin\u2019s growth to much larger markets like mortgages, noting liquidity and transparency drives adoption more than rules.<\/p>\n

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Here's full Larry Fink quote on bitcoin\/digital assets from the Q3 earnings call, he says bitcoin asset class in itself, they talking with institutions worldwide about allocation, dig assets remind him of the early days of the mortgage market (now $11T) and POTUS won't make dif pic.twitter.com\/McvpW7cCnB<\/a><\/p>\n

— Eric Balchunas (@EricBalchunas) October 14, 2024<\/a><\/p><\/blockquote>\n