common-close-0
BYDFi
Trade wherever you are!

What is the relationship between BlackRock and digital currencies?

avatarHede RileyDec 30, 2021 · 3 years ago3 answers

Can you explain the connection between BlackRock, the world's largest asset manager, and digital currencies like Bitcoin?

What is the relationship between BlackRock and digital currencies?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    BlackRock, as a major player in the financial industry, has shown interest in digital currencies like Bitcoin. While BlackRock has not directly invested in Bitcoin, its CEO, Larry Fink, has acknowledged the potential of cryptocurrencies. In an interview, Fink stated that Bitcoin has the potential to evolve into a global market asset and that BlackRock is keeping a close eye on its development. However, it's important to note that BlackRock's stance on digital currencies is cautious, and they have not yet made any significant moves in this space.
  • avatarDec 30, 2021 · 3 years ago
    The relationship between BlackRock and digital currencies is complex. On one hand, BlackRock has been skeptical about Bitcoin and other cryptocurrencies due to their volatility and regulatory concerns. On the other hand, BlackRock has been exploring blockchain technology, the underlying technology behind digital currencies, for potential applications in their operations. This shows that while BlackRock may not be directly involved in digital currencies, they recognize the potential of the technology behind them.
  • avatarDec 30, 2021 · 3 years ago
    As an expert in the digital currency industry, I can tell you that BlackRock's relationship with digital currencies is still evolving. While they have not made any major investments in cryptocurrencies, they have been actively researching and monitoring the market. It's possible that BlackRock may enter the digital currency space in the future, but as of now, they have not made any significant moves.