Blackrock CEO Agrees With JPMorgan Boss Jamie Dimon About Bitcoin,
When asked if he believes bitcoin is worthless, the CEO of the world’s largest asset management, Blackrock, says he is “more on the Jamie Dimon camp.” The executive, on the other hand, says he’s captivated by people’s interest in cryptocurrency and believes it has “a tremendous role to play for a digital currency.”
On the value of bitcoin, Blackrock’s CEO agrees with Jamie Dimon of JPMorgan
In an interview with CNBC on Wednesday, Larry Fink, the CEO of Blackrock, the world’s largest asset manager with $9.5 trillion in assets under management, answered several questions regarding cryptocurrencies, notably bitcoin.
He was questioned if he was “still in Jamie Dimon’s ‘bitcoin is useless’ group” or if he saw value in the cryptocurrency. “I personally believe that bitcoin is worthless,” JPMorgan Chase CEO Jamie Dimon stated earlier this week. He also questioned the cryptocurrency’s limited quantity.
He replied :
“I’m probably more of a Jamie Dimon supporter. However, the enthusiasm of so many individuals fascinates me. It’s incredible. I like how more individuals are looking to diversify their investments. This is, in my opinion, a really excellent and beneficial move.”
“I’m not a student of bitcoin and where it’s going to go,” Fink said. I can’t say if it’ll go to $80,000 or nothing.”
“But I do believe there is a big role for digital money,” the CEO said. And I believe that, whether it’s bitcoin or something else, or more of a governmental official digital currency, a digital dollar, it will play out for people throughout the world.”
The Blackrock boss went on to say that “amazing new technology” fascinates him. “It’s great seeing how people have been so intrigued by it, that they are expressing interest in this,” he said, noting that “it’s drawn so many people.” We’ll have to wait and see if this works out in the long term.” Fink came to the following conclusion:
I see huge opportunities in digitized crypto, blockchain-related currency, and that’s where I think it’s going and that’s going to create some big winners and some big losers.