I admit: just a few years ago, I would have been shocked to hear myself say that the CEO of BlackRock makes good points about Bitcoin.
As the head of the largest asset manager in the world, I assumed that Larry Fink would be Bitcoin’s biggest critic. But compared to the dismissive comments about Bitcoin from other Wall Street leaders such as Jamie DimonFink’s perspective is a refreshing change.
If you think otherwise, yesterday’s earnings numbers prove it.
There, Fink stated, “I’m not sure either president would make a difference” to Bitcoin’s growth,” adding, “I don’t believe (Bitcoin’s rise) is a function of regulation.”
He then compared Bitcoin’s growth to much larger markets like mortgages, noting that liquidity and transparency drive adoption more than rules.
It’s wild that the CEO of an $11 trillion company not only embraces Bitcoin, but understands that Bitcoin thrives because it is an apolitical, decentralized, global money.
Regulations aside, Bitcoin marches on indifferently. Fink seems to understand what many Bitcoiners do not: that political winds cannot influence Bitcoin’s price in the long term. Neither Donald Trump nor Kamala Harris can stop Bitcoin from reaching new all-time highs.
Bitcoin thrives on its own technical merits, not on the benevolence of regulation.
This independence was always her promise. Now the world’s financial giants aren’t fighting it, they’re joining in. Bullish.