BlackRock’s Fink: Bitcoin a Legitimate Asset Like Gold

The post BlackRock’s Fink: Bitcoin a Legitimate Asset Like Gold appeared first on Coinpedia Fintech News

BlackRock CEO Larry Fink has officially labeled Bitcoin as its asset class, likening it to commodities like gold. He revealed that BlackRock is discussing potentially allocating funds to Bitcoin with global institutions, signaling growing mainstream acceptance. With Bitcoin’s market capitalization now at $1.3 trillion, Fink’s endorsement highlights its increasing legitimacy in financial markets. This recognition from the world’s largest asset management firm marks a major step forward for Bitcoin, as the US housing market, by comparison, stands at $49.6 trillion.