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BlackRock CEO Larry Fink Declares Bitcoin an Asset Class, Market Cap at $1.3 Trillion

BlackRock CEO Larry Fink has made significant statements regarding Bitcoin, asserting that the cryptocurrency is an asset class in itself
By: DeepNewz • October 14, 2024
BlackRock CEO Larry Fink Declares Bitcoin an Asset Class, Market Cap at $1.3 Trillion

BlackRock CEO Larry Fink has made significant statements regarding Bitcoin, asserting that the cryptocurrency is an asset class in itself. Fink compared Bitcoin to other commodities like gold and mentioned that BlackRock is engaging with institutions worldwide about potential allocations to Bitcoin. This marks a substantial endorsement from one of the world's largest asset management firms, highlighting the growing acceptance of Bitcoin in mainstream financial circles. The US housing market is valued at $49.6 trillion, while Bitcoin's market cap stands at $1.3 trillion.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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