Source: TokenPost
Original Title: BlackRock CEO: “Bitcoin is a Diversification Tool Against Currency Depreciation”
Original Link: https://www.tokenpost.kr/news/breaking/311138
Larry Fink, CEO of BlackRock(BlackRock), the world’s largest asset manager overseeing $10 trillion in assets, referred to Bitcoin as an uncorrelated asset to the traditional financial system and as a “hedging tool against currency depreciation.” This statement was reported on December 3. Fink assessed that Bitcoin could be an effective alternative in situations where there are concerns about (debasement) of currency value, but noted that this has not yet been fully reflected in the market.
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BlackRock CEO views Bitcoin as a hedge against currency devaluation
Source: TokenPost Original Title: BlackRock CEO: “Bitcoin is a Diversification Tool Against Currency Depreciation” Original Link: https://www.tokenpost.kr/news/breaking/311138 Larry Fink, CEO of BlackRock(BlackRock), the world’s largest asset manager overseeing $10 trillion in assets, referred to Bitcoin as an uncorrelated asset to the traditional financial system and as a “hedging tool against currency depreciation.” This statement was reported on December 3. Fink assessed that Bitcoin could be an effective alternative in situations where there are concerns about (debasement) of currency value, but noted that this has not yet been fully reflected in the market.