A new statement from Larry Fink highlights the rapid evolution in traditional finance’s approach toward Bitcoin and digital assets.
Speaking at the New York Times DealBook Summit, BlackRock CEO Larry Fink described Bitcoin as an “asset of fear,” underscoring a major shift from his earlier stance linking crypto to illicit finance. He emphasized that his firm now manages the world’s largest spot Bitcoin ETF, noting how drastically institutional perspectives have changed.
Fink said Bitcoin’s high volatility makes it suitable mainly for investors confident in their timing, stressing that it may not be the right choice for everyone. Even so, interest from institutional players continues to accelerate, with major funds increasingly treating Bitcoin as a serious strategic asset.
His remarks reflect the strengthening integration between traditional finance and crypto. As major investment institutions take more assertive steps into the sector, Bitcoin’s role in global investment strategies becomes harder to ignore, despite its inherent risks.
