$UNI
Cooling DownSnapshot Window: 2026-07-21 19:50 UTC · ← Back to Crypto Overview
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BLACKROCK CEO LARRY FINK: “I was wrong about Bitcoin” When the CEO of BlackRock, managing $15 TRILLION in assets, admits he was wrong - you listen. [Spoken audio]: Now, I know that you have been a leader in willing to embrace crypto You have made it so that people can be in Bitcoin. We hear that you are thinking about Ethereum. These are incredible things how now BlackRock is not known as a a Gunslayer by any means so you obviously must believe that this may be as an alternative Is this an alternative in order to be able because of the deficit? Maybe something long-term people should have? Absolutely As you know, I was a skeptic I was a proud skeptic, and I studied it, learned about it, and I came away saying, okay, my opinion five years was wrong, here's my opinion, say this is what I believe in today, I believe the opportunity today. I believe Bitcoin is legitimate. I'm not trying to say there's not misuses like everything else, but it is a legitimate financial instrument that allows you to have maybe uncorrelated non-correlated type of returns. I believe it is an instrument that you invest in when you're more frightened though. It is an instrument when you believe that countries are debasing their currency, debasing their currency by excess deficits. And some countries are. I believe we have countries where you're frightened of your everyday existence and have an opportunity to invest in something that is outside your country's control, then you can have more financial control. And so I'm a major believer that there is a role for Bitcoin in portfolios. I believe you're going to see that as one of the asset classes that we all look at. I look at it as digital gold, as I said before, and I do believe there's a real need for everyone to look at it as one alternative to, I would say, the optimism that I have in the world. If you want to hedge hope, Bitcoin is not an instrument for hope unless you're hopeful you're going to make a lot of money on it. But I look at it as a vehicle in which you're expressing your financial acumen in something that you're more frightened of the world, you're more frightened of your existence. And I believe there's a great industrial use for it, and I think a lot of people are missing that. I couldn't agree more. I changed my mind about it when you did. You would have been in my thinking if I was like, uh-uh, you don't believe it, so I can't believe it. I want to thank Larry Fink for the message of optimism. Thanks. And also for a great quarter, Larry Fink is the co-founder, chairman, and CEO of BlackRock, I think the most important investment company in the world. Thank you. Thanks, guys.