BlackRock CEO Larry Fink Calls Crypto a ‘Flight to Safety’ Asset Class Larry Fink, the CEO of BlackRock, the world’s largest investment management firm with assets under management totaling $10 trillion, has voiced his perspective on the cryptocurrency market. Fink believes that cryptocurrencies are emerging as a “flight to safety” asset class, indicating their growing importance in the global financial landscape.
Fink further emphasized that an increasing number of individuals are seeking refuge in quality assets, such as cryptocurrencies, treasuries, and gold, especially during times of economic uncertainty. This statement underscores the evolving role of cryptocurrencies as a legitimate and valuable component of an investor’s portfolio, providing a new avenue for wealth preservation and growth in the face of traditional market fluctuations.
Last Updated on: Tuesday, October 17, 2023 6:58 am by Anu Priya | Published by: Anu Priya on Tuesday, October 17, 2023 6:58 am | News Categories: News, Business, GENERAL
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