CandleFocus Blackrock CEO Is Right: Trump and Kamala Can’t Stop Bitcoin
2024-10-15
Author: Content Editor
In a surprising turn of events, the CEO of BlackRock, Larry Fink, has made positive remarks about Bitcoin, contrary to the dismissive stance taken by other Wall Street leaders. During an earnings call, Fink stated that he doesn't believe Bitcoin's growth is dependent on regulation and compared its growth to larger markets such as mortgages, highlighting the importance of liquidity and transparency. Fink recognizes that Bitcoin's success is driven by its apolitical and decentralized nature, and understands that political factors have little long-term impact on its trajectory. This acknowledgement from the CEO of an $11 trillion company is a bullish sign for Bitcoin, as it signifies the increasing acceptance and participation of financial giants in the cryptocurrency market.
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