BlackRock CEO Larry Fink: Bitcoin is on par with gold! 🪙

- BlackRock CEO Larry Fink has declared Bitcoin (BTC) as an asset class, on par with gold. In a recent earnings call, Fink emphasized that the world’s largest asset manager now sees Bitcoin as an alternative to traditional commodities.

- Fink highlighted that the future success of digital assets will depend not only on regulation, but also on liquidity and transparency.

- He compared the development of virtual assets to the $11 trillion mortgage market, hinting at the potential for huge growth as data and analytics improve.

- Fink also discussed the digitization of national currencies, citing the potential for a US digital dollar and successful examples from India and Brazil.

- Interestingly, spot Bitcoin ETF inflows surged on October 14, with the BlackRock IBIT ETF attracting $79.5 million.

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