BlackRock CEO: “A TSUNAMI Is Coming For Bitcoin” Larry Fink 2024 Crypto Prediction

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“It’s an asset class that protects you.”

That’s what the CEO of the world’s biggest asset manager said this week about Bitcoin.

Larry Fink is the CEO of BlackRock, the worlds largest asset manager. They currently have over $10 trillion in assets under management.

They are a behemoth in the financial world.

This week, Larry Fink was interviewed by CNBC. They spoke on the launch of BlackRock’s Bitcoin ETFs & the future of crypto.

Safe to say – he’s bullish.

Larry Fink is now a big believer in the crypto space and in his view, Bitcoin is digital gold.

Seeing the the CEO of the world’s most powerful asset manager speak so positively about crypto is incredible.

On top of this, this week, BlackRock released their first advertisement for the Bitcoin ETF.

About Larry Fink:

Laurence Douglas Fink is an American billionaire businessman. He is the current chairman and CEO of BlackRock, an American multinational investment management corporation. BlackRock is the largest money-management firm in the world with more than US$10 trillion in assets under management.

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BlackRock CEO: “A TSUNAMI Is Coming For Bitcoin” Larry Fink 2024 Crypto Prediction

For the first three years of thinking about I was a naysayer and about two years ago I I switched and I’m I’m I’m act you know as I said in the last two years I’m a big believer but I’m a Believer in it because I do believe um

It is an alternative source for wealth holding I don’t believe it’s going to ever going to be a currency I believe it’s an asset class you know I believe it goes up as if the world is more frightened if people have fearful of geopolitical risk they’re fearful of

Their own risk um it’s no different than what represented over thousands of years it is a it is a it is a asset class that that protects you and and unlike gold where we manufacture new gold we’re almost at the ceiling of the most of the amount of Bitcoin that’ be created it’s

An asset class that protects you that’s what the CEO of the world’s biggest asset manager said this week about Bitcoin Larry Fink is the CEO of Black Rock the world’s largest asset manager they currently have over1 trillion in assets under management they are a behemoth in the financial world this

Week Larry fin was interviewed by CNBC they spoke on the launch of black rocks Bitcoin ETFs and the future of crypto and it’s safe to say he’s bullish Larry Fink is now a big believer in the crypto space and in his view Bitcoin is digital gold seeing the CEO of the world’s most

Powerful asset manager speak so positively about crypto is incredible on top of this this week Black Rock released their first advertisement for the Bitcoin ETF here’s what they came up with digital asset adoption has significantly accelerated over the past decade with profound implications for the future of Finance Bitcoin is the

Original cryptocurrency to gain Global adoption and has continued to maintain its dominance despite thousands of others coming into existence you might have noticed Bitcoin make its way into our everyday lives from Bitcoin ATMs to various Merchants accepting Bitcoin as payment further driving interest in what the future holds for the

Cryptocurrency investors have taken notice as an institutions and individual investors alike have been adopting Bitcoin into their investment portfolios with some viewing it as a potential store of value and others as a potential GameChanger in how money moves around the world but for many investors holding Bitcoin directly can be complex that’s

Why we launched ibit the I shares Bitcoin trust an ETF that provides inv inor convenient exposure to bitcoin here are three things to know about ibid access ibid enables investors to access Bitcoin within a traditional brokerage account just like stocks bonds and other ETFs convenience ibit can help remove operational burdens associated with

Trading and holding Bitcoin directly as well as potentially High trading costs and tax reporting complexities quality ibit is built by Black Rock at Le leading ETF firm with expertise across ETFs and a history of innovation it is a new day for Bitcoin access ibit through your online brokerage or discuss with your financial

Planner to find out how ibit can fit into your Port so there’s black Rock’s first Bitcoin advertisement in response to the ad Bloomberg ETF analyst Eric balanos had this to say this is how you Market to Rich Boomers folks the calm disposition easy to understand soft new

Age music suit with no tie everything about it says it’s okay now the adults are here and Eric is right this is how you sell Bitcoin to Boomers and big institutions in previous interviews Larry fin has also pointed out there is huge pent up interest from institutions

At getting into crypto here’s what he’s been saying in the leadup to the launch of the Bitcoin ETF and it’s safe to say black rock is here and they are very bullish on the future of crypto I I see value in having an ethereum ETF as I said these are just start stepping

Stones towards tokenization and I I really do believe this is where we’re going to be going we have the technology to tokenize today if you want to talk about think about this if you had a tokenized security and you have a tokenized identity you Andrew the moment

You buy or sell an instrument is known it’s on a general ledger that is all created together um it want to talk about issues around money laundry and all that this eliminates all corrupt by having a tokenized system well I can’t talk about the specifics of

Anything I think it’s just an example of the pent up interest in crypto and I and we are hearing from clients around the world about the need for crypto I mean when you think about I think some of this rally is Way Beyond the rumor I

Think the the rally today is about a flight to Quality with all the you know all the issues around the Israel war now um global terrorism and I think there’s more people running into a fight the quality whether that is in treasuries gold or crypto depending on how you

Think about it and I believe crypto will play that type of role as a flight to Quality you know my view is if the invasion is is held to the southern borders of Israel I don’t I think we are anticipating that already I don’t think the Market’s going to be changing that

Much and it it really depends on the oil market and and how that plays out obviously the marketplace today is up with you know 350 as we speak right now the marketplace knows the potential reality so I think that’s somewhat into the market and I and I you know I’ve

Been asked all the time now why is the market being so resilient with this with now global terrorism with what’s going on in Israel Ukraine all the other issues and I think we’re not spending enough time talking about some of the great things that are going on in the

World today and that’s when I think about technology and how that’s going to be shaping and changing our world when you think about Ai and Robotics this is going to accelerate movement more towards near Shoring onshoring we’re going to be able to use this new technology we’re going to be

Able to create more more more jobs here in the US more jobs and more factories oh interesting there’s no question technology displaces some and creates new so there I’m not trying to suggest it’s it’s a perfect situation for everybody but what I’m trying to talk about is the optimism there is a strong

Fundamental belief that technology is going to raise the value of financial assets because it’s going to increase and enhance productivity if you look at productivity in our in our world today productivity is Fallen especially during dramtically yeah and for countries that have declining populations declining demographics the role of Technology can

Play a really incredible role you know I know you spend a lot of time talking about the changes in in in Pharma and think about the the transformation that drug likeo zmek is doing for Humanity we’re going to be changing you know really deadly diseases into more chronic

Diseases we’re going to reshape humans lives the work that is being done on dementia and Alzheimer’s in terms of the new class of drugs there we’re going to be extending life there too so there is so much negativity going on and a lot of it is rightfully so but we’re not

Spending enough time talk about the optimism opportunities one of those negatives is inflation interest R is going to be higher for longer so they’re going to raise it again you think at I think in December the FED will raise one more time and I think they’re going to

They have to pause in November with what’s going on in Israel I think they’ll raise one more time think about it now we we have think about now because of the global instability we’re going to be spending a lot more money in the world for defense right that’s

Inflationary we’re going to be SP we’re spending a lot more money on reshoring and onshoring that’s inflationary all these things in the short run are inflationary and so we’re building up this and we have also that you mentioned the chips act we have the IRA and we have the infrastructure act all just

Starting to create new jobs and new opportuni but is isn’t that where we are going to spend more money in defense you know National Security has become a bigger issue our borders are becoming a bigger issue that’s the same thing true in all parts of the world and so I do

Believe defense are spending towards uh in the short one for more Ai and more chips this is all just accelerating and this is one of the fundamental reasons why I believe inflation is going to be here for longer stickier but it’s not going to be to the 1970s again but it’s

Going to be it’s going to be elevated above the 2% Target think they’ll change the target you know because there was a time when inflation was below the 2% Target and and they tolerated it and I think there going to be a time if we could ever get it down with firmness a

3% level of inflation for a long period of time you know they’re going to the magic what’s the magic of 2% well I don’t know what the magic of three I mean to me three is actually a better inflation rate but the problem is if you

Look at what what food costs are going up if you look at what’s going on related to housing that is more than 2 or 3% we’re talking 67 8% type of growth rates in these things and so so many Americans are feeling the pain of rising inflation well I would say the

Industries and the companies that are continuing to transform itself some of the tech companies like you know Nvidia uh some of the Pharma companies like Eli Lily uh some of the defense companies but that’s us that’s us now in the world uh we just were with uh $223 trillion of Global Investors in

Japan uh two weeks ago and the opportunity in Japan is is breathtaking because you’re starting to see the Japanese economy move out of its 25e tail spins about time and and the stocks are really cheap um and and they’re undervalued and all the investors came away saying we got to refocus on on

Japan but then you got India you got Mexico think about where all the reshoring of you know as as companies are looking to diversify away from China you’re seeing the companies are moving to Vietnam they’re moving to India they’re moving to the Philippines they’re moving to Mexico Mexico has had

Phenomenal GDP growth over the last year and a half and that’s a lot of these companies are moving there for near Shoring how can you improve Humanity how can we bring down the heat of hatred and fear and the problem is hatred and fear is growing and you know Black Rock as

The largest retirement manager in the world we have to focus on Hope yeah because why would anybody take their money out of a money market if that’s earning 5 and a half% to invest in the long run it is about hoping and believing that the future is better I

Like money maret returns right now I do too but I there are a lot of things I like right now but but but are they afraid you’re you’re you’re some of these CEOs from standing up for Israel it seems like such an obvious thing to do I’m standing up against bigotry and

Hatred so there’s Larry fing on the penp interest in crypto and Bitcoin it’s insane to see the world’s largest asset manager with over 10 trillion in assets under management making a significant statement by labeling Bitcoin as digital gold and an asset class that provides protection this perspective from the

Head of such a financial Behemoth is not just encouraging but also a clear indicator of the shifting tides in the world of finance and investment the launch of black rocks Bitcoin ETFs marks a pivotal moment signaling a growing acceptance and recognition of cryptocurrency in the mainstream financial sector as we wrap up this

Session let’s reflect on the magnitude of this endorsement and its potential implications for the crypto space such confidence from a leading figure in the Global Financial Arena could pave the way for more institutional adoption and possibly Herald a new era for Bitcoin and other cryptocurrencies remember to stay

Updated on the latest in financing crypto by subscribing to the channel and hitting the Bell icon for notifications we committed committed to bringing you the most relevant and impactful news analysis and insights from the world of finance and crypto anyway guys hope you all enjoyed today’s video I’ll see you

All in the next one and as always all the best