Despite the market turmoil, Fink compares cryptocurrencies to gold and Treasuries.
In an interview, Larry Fink, CEO of BlackRock, the largest asset manager in the world, asserted that the cryptocurrency advance is a “flight to quality” motivated by genuine economic fundamentals rather than fraudulent speculation.
Stay in the know on crypto by frequently visiting Crypto News Today
“This rally is way beyond rumor. The rally today is about a flight to quality with all these issues around the Israeli war,“ Fink said. “More people are running to flight to quality whether that’s on Treasuries, gold, or crypto.”
Fink made his remarks after Bitcoin gained value earlier today as a result of untrue claims that the SEC had approved the creation of a Bitcoin spot ETF. Gains were transient because cryptocurrency values quickly fell as it became clear that the reports were untrue.
Fink compared cryptocurrencies to traditional safe havens like US Treasuries and gold, which historically had a reputation for being reliable investments during unstable times and geopolitical crises.
Fink has also been positive about asset tokenization, saying that technology has the potential to “revolutionize finance.” BlackRock issued tokenized fund shares on JPMorgan’s new tokenization platform just last week.
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world 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
If this article brought you clarity, insight, or value—support the work that made it possible.
At CryptoCaster, we report on Web3, crypto markets, and institutional finance with no billionaire owners, no shareholders, and no hidden agenda. While mainstream media bends toward Elon Musk, BlackRock, and JPMorgan narratives, we stay focused on what matters: truth, transparency, and the public interest.
We don’t just cover the headlines—we investigate the power structures behind them. From FTX and Ripple to the quiet push for CBDCs, we bring fearless reporting that isn’t filtered by corporate interests.
CryptoCaster is 100% paywall-free. Always has been. To keep it that way, we depend on readers like you.
If you believe independent crypto journalism matters, please contribute—starting at just $1 in Bitcoin or Ether. Wallet addresses are below.
Your support keeps us free, bold, and accountable to no one but you.
Thank you,
Kristin Steinbeck
Editor, CryptoCaster
CRYPTOCASTER HEATMAP
