CandleFocus No, Larry Fink didn’t say bitcoin will be as big as the housing market
2024-10-15
Author: Content Editor
Last night, there was confusion in the crypto community after a report falsely claimed that BlackRock CEO Laurence Fink predicted that bitcoin would become as big as the US housing market. The outlet that published the report later corrected it, stating that Fink was actually referring to BlackRock mortgage products. However, Fink's sentiment during the call was still bullish on bitcoin, as he believes that digital assets will become more widely utilized worldwide. He also expressed that bitcoin is an asset class in itself and an alternative to gold. This marks a change in Fink's previous stance on bitcoin, as he previously referred to it as an "index for money laundering." The call also revealed that BlackRock's assets under management reached a record high of $11.48 trillion, and its bitcoin ETF has gathered $23 billion in the first nine months.
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