🚀📈 Larry Fink, the $10 trillion investment giant BlackRock, of which he is the CEO, likened cryptocurrencies to a safe haven asset class and compared them to gold and US Treasury bonds. In an interview with Fox Business, Fink dismissed the idea that Bitcoin's rally on Monday was simply due to a false rumor that his fund's spot ETF application had been approved by regulators.

“This rally is beyond rumor,” Fink said, noting that he thinks there is a flight to quality right now with the issues surrounding the Israeli war.

Fink thinks people are generally turning to quality assets such as treasury, gold or crypto. “I believe crypto will also play this role as a safe haven,” he said.

In June, Fink called Bitcoin “digital gold” and saw it as an “alternative” to government-controlled currencies around the world.

🤔💬 So what do you think? Are cryptocurrencies a safe haven? We are waiting your comments!