Blackrock CEO Speaks For The First Time After ETF Application: Bitcoin Will Revolutionize!

Larry Fink, CEO of BlackRock, the world's largest asset manager, said that Bitcoin (BTC) could revolutionize the financial world.
CEO Larry Fink made statements that got Bitcoin investors excited in an interview with Fox Business on Wednesday (July 5th). Stating that Bitcoin is an international alternative in terms of investment, Fink also emphasized that it has the power to digitize gold.
Referring to the spot Bitcoin exchange-traded fund (ETF) application made by BlackRock at the beginning of June, the CEO stated that they are in close contact with regulatory agencies. Reminding that they have a good track record in ETF, Fink maintained his positive stance for the spot Bitcoin ETF.
Stating that they aim to make the crypto money industry more democratic and functional behind the Bitcoin steps, he continued his statement with the following statements:
What we're trying to do with crypto is to make it more democratic and much cheaper for investors. Currently, the buy-sell range for crypto is very open. It erodes most of the returns. We hope our regulators will look at these applications as a way to democratize crypto.
The CEO, who does not hesitate to say that he does not personally hold Bitcoin in his hands, nevertheless emphasized that this technology has the ability to digitize gold. The CEO also said that Bitcoin could create a financial revolution while describing it as an instrument that can protect investors against inflation:
We believe that Bitcoin can revolutionize finance if we can achieve greater tokenization of securities. Let's be clear, Bitcoin is an international asset and can function as an investment in gold to hedge against inflation. Bitcoin is not backed by any currency and therefore can represent an asset that people can invest in as an alternative.
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