New Crypto Money Statement from BlackRock CEO!

BlackRock CEO Larry Fink, whose Spot Bitcoin ETF application was approved, stated in his new statements that he believes that Bitcoin and cryptocurrencies should be seen as an asset class, not a currency. Emphasising that Bitcoin is not a currency, Fink said that crypto assets should be considered more as an investment tool.


He pointed out that the BlackRock ETF, which is traded among Spot Bitcoin ETFs, held 40% of yesterday's transaction flow. This can be considered as an important indicator of BlackRock's interest in Bitcoin and cryptocurrencies and investor demand.

Larry Fink stated that he is interested not only in Bitcoin but also in Ethereum, and that he is favourable to the idea of creating a spot Ethereum ETF. Stating that Ethereum should also be considered as an asset class, Fink believes that this can offer more diversity and choice in the cryptocurrency market.


In addition, BlackRock CEO, who also expressed his opinion on interest rate cuts, shared that the Federal Reserve (FED), headed by Jerome Powell, could make its first interest rate cut in June and that he thinks the US economy will follow a more positive course in the autumn months. These comments show that Fink has an optimistic view of economic expectations.