BlackRock CEO: Bitcoin is not a bad asset, but it should not account for too much of the portfolio

Crypto 7x24

2025-10-14 10:16:11

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According to online reports, BlackRock CEO Larry Fink said in an interview with CBS that he had to re-examine Bitcoin and admit that "cryptocurrencies have the same effect as gold and are both alternative assets." Fink pointed out that Bitcoin "is not a bad asset, but it should not constitute an excessive proportion of the portfolio." In a letter to investors this year, Fink revealed that "half of the investment demand of BlackRock's Bitcoin ETF comes from retail investors, of which 75% have never purchased an iShares product before."

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