BlackRock CEO Larry Fink says Approving Bitcoin ETFs is like taking small steps Toward Turning things into Digital Tokens

BlackRock CEO Larry Fink says giving the green light to Bitcoin ETFs

I know much about a specific talk BlackRock CEO Larry Fink had in January 2024, but I can give you a general idea of what might have been said. In an interview on “Squawk Box,” Fink could talk about a few main things:

• SEC’s Approval of Bitcoin ETFs: The SEC decides if financial things like ETFs are okay. If they recently said yes to Bitcoin ETFs, Fink might talk about what this means for stuff like cryptocurrency, regular money, and what BlackRock might do.
• Impact on BlackRock: Fink might share how the okay for Bitcoin ETFs could affect BlackRock. This might include talking about new ways to invest money, ways to deal with risks, and if BlackRock is thinking about adding digital money things to its investments.
• Belief in Bitcoin and Crypto: Fink might also share his own thoughts on Bitcoin and other digital money. Big leaders in money often say what they think about these things, including the risks and what could be good. What Fink says could change how people feel about these digital money things and how they decide to invest.
• Broader Impact on Cryptocurrency Markets: The talk might go beyond just Bitcoin ETFs and look at how this okay could change the whole digital money market. This could include talking about more interest from big groups, how the market works differently now, and what rules might come in for digital money.

It’s important to know that talks about digital money, especially when important people in money are involved, can really change how people feel about these things and can impact how everyone sees digital money in the bigger money world. What Fink says during the talk could shape how people who invest money and the bigger money community think about digital money.

Fink May Discuss

• Rules and Laws: Fink might talk about the rules and laws around digital money and blockchain technology. This could include talking about how the rules are changing, problems the industry faces, and why it’s important to have clear rules for everyone to take part in the market.
• What’s Happening Now: The talk might also cover what’s going on right now in the digital money market. This could include talking about how the market is moving, if big organizations are getting involved, new ways to invest, and cool new technologies in the digital money space.
• BlackRock’s Ideas About Digital Money: Fink might also share what BlackRock thinks about digital money. This could be about whether they think it’s a good long-term investment, what risks they see, and how they plan to use digital money in their investment plans.
• Beyond Just Money: The conversation might not only be about digital money but also about the bigger picture of blockchain technology. Fink might talk about how blockchain can be used for things other than money, like making supply chains better, checking who someone is, and other uses in different industries.
• Thinking About the World’s Money: Because Fink is the CEO of BlackRock, he might talk about how things happening globally, like how the world’s money is doing and if big events around the world might affect the digital money market and BlackRock’s plans.

Remember, the exact things talked about in the interview would depend on the questions asked by the hosts on “Squawk Box” and how the conversation went during the show. To get the most accurate and detailed information, you’d need to check the actual interview or any reports that came out about it later.

BlackRock’s Move into Bitcoin and Ether Investments

Big financial company BlackRock got the thumbs up from regulators, along with 10 other companies, to start Bitcoin investments. They’re also getting ready to do similar things with Ethereum (ether), as they’ve applied for approval from Nasdaq in November.

Larry Fink’s Thoughts on Ether ETFs and Tokenization

The big boss at BlackRock, Larry Fink, said he’s all for having a special investment fund for Ethereum (ether), known as an Exchange-Traded Fund (ETF). He thinks it’s a good idea and sees value in these types of crypto funds. He also mentioned that similar funds for cryptocurrencies, like the recently approved bitcoin ETFs, are steps leading to something bigger called tokenization.

Fink believes in this idea of tokenization, thinking it’s the way things will go in the future. Tokenization is when we use digital tokens or blockchain tech to represent real things in the world. Fink says we already have the technology for this today.

He thinks tokenization could help fix some problems we have, like money laundering, identity theft, and corruption. By using blockchain or digital tokens to show real things, it could make things more clear and secure, making it harder for people to do bad things with money or fake identities.

Larry Fink’s Change of Mind on Bitcoin

The boss of BlackRock, Larry Fink, used to not be a fan of Bitcoin, saying he didn’t think much of it until about two years ago. Now, though, he’s changed his mind and thinks Bitcoin is a good way to keep and grow wealth. He’s not convinced it will become a common currency, but he sees it more like a special kind of investment.

Bitcoin as a Valuable Investment

According to Fink, Bitcoin can act like a shield for your money when things are uncertain. He compares it to gold, saying Bitcoin is a bit like how people have seen gold as a safe place for their wealth for thousands of years.