BlackRock CEO: Bitcoin and cryptocurrencies "serve the same purpose as gold"

ChainCatcher news, according to Decrypt, BlackRock CEO Larry Fink has once again expressed cautious recognition of cryptocurrency investments and retracted his statement that Bitcoin is a "money laundering index." On Sunday, during an interview with CBS, Fink stated, "I did say that Bitcoin was the domain of money launderers and thieves, but the market will teach you a lesson, and everyone always has to re-examine their assumptions; cryptocurrency, like gold, has its reason for existence, which is to say it is an alternative."

However, he also urged caution, believing that for those seeking diversified investments, cryptocurrency is not a bad asset, but it should not make up a large proportion of the portfolio. Over the years, Fink's shift in attitude aligns with the overall softening trend of Wall Street's stance on cryptocurrency, as he had previously directly denied Bitcoin.