BlackRock CEO Larry Fink Endorses Bitcoin as Legitimate Financial Instrument Amid Gains

BlackRock CEO Larry Fink has expressed strong support for Bitcoin, describing it as a legitimate financial instrument that offers uncorrelated returns.

Fink stated, 'I believe Bitcoin is a legitimate financial instrument that allows you to have uncorrelated type of returns, I believe that it is an instrument that you invest in when you're more frightened of.'

Fink's endorsement comes as Bitcoin experiences its best September since 2015, with gains of over 10%. BlackRock is also promoting Bitcoin on its website, further indicating Wall Street's growing interest in the cryptocurrency.

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