{"id":104484,"date":"2025-10-13T23:02:16","date_gmt":"2025-10-13T23:02:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=104484"},"modified":"2025-10-13T23:02:16","modified_gmt":"2025-10-13T23:02:16","slug":"blackrock-ceo-larry-fink-now-believes-bitcoin-serves-same-purpose-as-gold","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=104484","title":{"rendered":"BlackRock CEO Larry Fink Now Believes Bitcoin \u201cServes Same Purpose as Gold\u201d"},"content":{"rendered":"

BlackRock CEO Larry Fink has taken a noticeably different tone on Bitcoin. The man who once dismissed it as a tool for money launderers now calls it a legitimate \u201calternative\u201d investment. He said he\u2019s had to go back and challenge some of his earlier assumptions about the crypto world.<\/span><\/p>\n

In a recent CBS interview, Fink admitted that back in 2017, he considered Bitcoin <\/span>to be<\/span> mostly used<\/span> by criminals.<\/span> He openly acknowledged <\/span>calling<\/span> it \u201can index of money laundering.\u201d That view, it seems, has changed dramatically. Today, he compares Bitcoin to gold<\/span>. Not<\/span> as a replacement for traditional investments, but as something that could sit alongside them in a well-diversified portfolio.<\/span><\/p>\n

It\u2019s an Option, Not the Main Course<\/span><\/h2>\n

Fink made it clear that while crypto may have a role to play, it should be a small one. He sees it as a way to add diversification, not something to bet the house on. The volatility, he says, is still a real concern.<\/span><\/p>\n

Larry Fink just went on \u201860 Minutes\u2019 to tell the world he was wrong about Bitcoin for years and in the future it will have a role similar to Gold.<\/p>\n

Gold just hit a $27 trillion dollar market cap and a new all time high THIS MORNING.<\/p>\n

They are going to SEND us in Q4. Buckle up. pic.twitter.com\/CUui5LdsqC<\/a><\/p>\n

\u2014 The \u20bfitcoin Therapist (@TheBTCTherapist) October 13, 2025<\/a><\/p>\n\n

His take reflects what\u2019s happening more widely in traditional finance. Institutions are warming up to crypto, but the approach is cautious. Nobody\u2019s diving in headfirst. They\u2019re dipping a toe, watching closely, and trying not to get burned.<\/span><\/p>\n

DISCOVER: 20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n

BlackRock\u2019s Quiet Push Into Crypto<\/span><\/h2>\n

BlackRock is not standing still. Under Fink\u2019s leadership, the company has launched several crypto-related products. One of the most notable is its iShares Bitcoin Trust, <\/span>which rolled out<\/span> in 2024. That ETF has quickly become the biggest of its kind, reportedly managing nearly $94 billion in assets.<\/span><\/p>\n

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