BlackRock CEO compares Bitcoin to gold, an “international asset”, says Fink

Larry Fink believes that Bitcoin is a ” international asset alternative and similar to a ” gold digitization “. BlackRock is now seeking approval for a ETF spot on the first crypto of the market.

In an interview with FoxBusinessthe boss of BlackRock discussed the crypto and declared that Bitcoin (BTC) could be considered a “ international asset which is not based on any currency”.

So this may represent an asset that people can use as a similar alternative to digitizing gold,” added Larry Fink.

The company with $10 trillion in assets under management recently filed for a exchange-traded fund on Bitcoin at counting. The US regulator has so far rejected all applications for ETFs of this type, Fink hopes that his company’s track record will help the SEC.

We hope our regulators see these filings as a way to democratize crypto,” he said, noting that the aim was to make crypto “much cheaper” for investors.

Previously Bitcoin-skeptic, Fink now believes that the technology is promising, particularly for instant settlement of securities. Last month, another of the firm’s executives declared that the tokenization would play “a monumental role” in the long term.

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Earlier this week, the Nasdaq has filed new documents with the SEC in connection with the Bitcoin spot ETF of BlackRock. The U.S. stock exchange now reports that Coinbase will provide market surveillance for the proposed fund. Recently, the SEC argued that the recent applications were “inadequate”.

ETFs have been a great revolution for the mutual fund industry […] And we believe that if we can create more tokenization of assets and securities, and that’s what is Bitcointhis could revolutionize finance once again”, said the CEO.

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