Larry Fink, CEO of BlackRock, shared last week his insight in a CNBC interview, declaring that Bitcoin could have the potential to become one of the foremost assets in the worldwide financial system.
And he argued that it may even manage to outperform the US dollar in terms of market capitalization.
Fink initiated the thought of placing Bitcoin in the group of independent assets back in early July.
BlackRock is now prepared to launch a crypto ETF, a trading fund allowing members to observe the real-time changes of Bitcoin in the spot market.
The BlackRock CEO firmly concurs with those experts, who believe that the emergence of BTC will improve and welcome the democratization of the financial system. “We are responsible for the democratization of investment,” he said.
“We have already done a lot of work, and the ETF is accelerating the transformation of investments, and we are only just starting this journey.”
