BlackRock CEO: Crypto will transcend international currencies

17 Jul 2023

BlackRock CEO Larry Fink has delivered fresh remarks supporting cryptocurrencies’ role in democratizing investing worldwide, pointing to growing interest among the companys clients in digital assets, Cointelegraph reports. 

“More and more of our global investors are asking us about crypto,” Fink said during an interview with CNBC’s Squawk on the Street on July 14. BlackRock is the world’s largest asset manager, with over $8 trillion in assets spanning all types of investment products.

In Fink's view, cryptocurrencies have a “differentiating value versus other asset classes” in helping diversify portfolios. “It’s so international it’s going to transcend any one currency,” noted the executive.