BlackRock CEO Larry Fink Suggests Bitcoin Could be a ‘Significant Long-Term Value Holder’ for Those Wary of Government Actions


According to the CEO of the biggest asset management in the world, Bitcoin (BTC) is a valuable long-term store of value.

Stay in the know on crypto by frequently visiting Crypto News Today

The CEO of BlackRock, Larry Fink, is cited on social media as saying that the flagship cryptocurrency has several potential applications, such as a hedge against governments that have too much power and for cross-border transactions.

“There’s a lot of merit to it, there’s a lot of opportunity. It is a great store [of value]…It can be an asset that can be cross-border…


Maybe this is one of the reasons why China has banned it. If you’re in a country where you’re fearful of your future, fearful of your government or you’re frightened that your government is devaluing its currency by too much deficits, you could say this is a great potential long-term store of value.”

“It’s like digital gold and I believe that you still can buy a slice of pizza with it, but you can’t buy a slice of pizza with palladium or gold. You could buy and sell your Bitcoin, no different than gold…

It is a ledger, but it’s an international ledger. It’s cross-border. It’s bigger than any government.”

BlackRock states that its Global Allocation Fund may purchase shares of Bitcoin exchange-traded products (ETPs), including the business’s own iShares Bitcoin Trust (IBIT), in a recently amended filing with the U.S. Securities and Exchange Commission (SEC).CRYPTOCASTER® - DECENTRALIZED FREEDOM!

We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism. 

From  Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.

And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.

When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble. 

Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.

We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster

Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.

Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


You may also like