Bitcoin News Post
No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
LIVE PRICES
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
No Result
View All Result
Bitcoin News Post
No Result
View All Result

World’s Largest Asset Manager Blackrock Sees ‘Very Little’ Demand for Cryptocurrencies – News Bitcoin News

by BNP
July 15, 2021
in Bitcoin News
0
Share on FacebookShare on Twitter


The world’s largest asset supervisor with $9.5 trillion underneath administration, Blackrock, sees “little or no” demand for cryptocurrencies, together with bitcoin, based on CEO Larry Fink.

Blackrock’s CEO Talks About Crypto Demand

Larry Fink, the CEO of Blackrock, the world’s largest asset supervisor, talked about bitcoin on CNBC Wednesday as his agency introduced a better-than-expected quarterly revenue. Blackrock’s property underneath administration jumped to a report $9.49 trillion within the second quarter from $7.32 trillion a yr earlier.

Reiterating his earlier stance on cryptocurrency, Fink mentioned: “Once more, in my final two weeks of enterprise journey, not one query had been requested about that. That’s simply not a part of the give attention to retirement and long-term buyers.” The CEO added:

We see little or no by way of investor demand on these sorts of issues. However, fairly frankly, they could not come to Blackrock for these sorts of demand.

He continued: “However, I’d say for all of the pension funds and the insurance coverage firms, for all of the RIAs that we’re speaking to for his or her purchasers on behalf of their retirement, the dialogue is about how ought to I navigate my portfolio, how ought to I take into consideration my portfolio over an extended horizon.”

Whereas the Blackrock CEO has repeatedly mentioned that his asset administration agency doesn’t see demand for cryptocurrencies amongst its purchasers, he isn’t bearish on the long run prospects of cryptocurrency.

In December final yr, Fink mentioned that bitcoin makes the U.S. greenback much less related and “can evolve into a world market.” In November, Blackrock’s chief funding officer mentioned that cryptocurrency is right here to remain and bitcoin might exchange gold. In March, one other Blackrock consultant mentioned that gold is much less efficient as a hedge towards inflation than bitcoin and in April, Fink mentioned that crypto might turn out to be a “nice asset class.”

Blackrock began investing in bitcoin in February. An SEC submitting in April confirmed that Blackrock held bitcoin futures contracts price $6.15 million.

What do you concentrate on the feedback by Blackrock’s CEO about bitcoin and cryptocurrencies? Tell us within the feedback part beneath.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any harm or loss precipitated or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.





Source link

ShareTweetPin

Related Posts

Bitcoin advocate Najah Roberts explains why BTC is a tool for empowerment

by BNP
February 1, 2023
0

When you ask 10 individuals what Bitcoin’s unique goal is, no less than one particular person will say it’s meant...

Bitcoin awaits Fed Powell speech as sellers cement $23.5K resistance

by BNP
February 1, 2023
0

Bitcoin (BTC) preserved its energetic buying and selling vary into the Feb. 1 Wall Road open as markets seemed to...

60 Organizations Launch Campaign Urging US Congress to Protect Privacy – Privacy Bitcoin News

by BNP
February 1, 2023
0

On Wednesday, 60 organizations concerned in cryptocurrencies, open-source and free software program, and human rights and privacy-preserving initiatives launched a...

ETH, BTC Marginally Higher Ahead of FOMC Meeting Results – Bitcoin News

by BNP
February 1, 2023
0

Ethereum was marginally larger on Feb. 1, as markets put together for the upcoming Federal Open Market Committee (FOMC) assembly...

9-year-old Henry takes BTC to the classroom

by BNP
February 1, 2023
0

A nine-year-old boy's efforts present that Bitcoin (BTC) is for everybody and Bitcoin schooling is for all ages.Henry, who lives...

NFT Fantasy Game Sorare Partners With Premier League for Multi-Year Licensing Deal – News Bitcoin News

by BNP
February 1, 2023
0

Sorare, a Paris-based NFT (non-fungible token) fantasy recreation startup, has closed a take care of the Premier League, the primary...

Load More
Next Post

Kenyan electoral commission nominee clamors for blockchain voting

Bitcoin News Post

Get the latest Bitcoin news & Cryptocurrency updates from the world's top trusted sources.

  • Home
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © Bitcoin News Post.

No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation

Copyright © Bitcoin News Post.

  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • RelevantRelevant(REL)$0.791.67%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183584-4.85%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%