Managing $10 trillion in assets, BlackRock's CEO Larry Fink just dropped a bomb in The Economist interview. His take? Bitcoin and crypto right now are exactly where the internet was back in 1996.
Think about that for a second. In '96, most people thought the web was a fad. Fast forward three decades, and it's literally reshaped civilization. Fink's not some random analyst throwing hot takes—he's steering the world's largest asset manager. When someone at that level draws this parallel, they're not just commenting. They're positioning.
The message couldn't be clearer. The infrastructure's being built. The institutional money's warming up. And the folks who laughed at internet stocks in the 90s? Yeah, they're probably kicking themselves now.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
6
Repost
Share
Comment
0/400
ContractExplorer
· 3h ago
What Fink said sounds nice, but it's not entirely accurate... At least the internet was still running in 1996. What about the crypto world now? Regulation, security, application scenarios... which one isn't a pitfall?
View OriginalReply0
TokenomicsDetective
· 20h ago
Hey, what Larry Fink said is indeed harsh; when a hundred trillion dollar figure speaks, it's different.
View OriginalReply0
potentially_notable
· 20h ago
You really dare to say that, Fink's move here is paving the way for himself, right? If he makes a profit, he's a prophet, and if he loses, he can just say he misread the trend.
View OriginalReply0
NullWhisperer
· 20h ago
lol fink basically just said "we're positioning" but make it sound historical. technically speaking, the 1996 internet comparison is... interesting edge case. infrastructure's there sure, but the protocol vulnerabilities? that's what keeps me up. not the hype.
Reply0
TokenomicsPolice
· 21h ago
This metaphor is amazing, the internet from 1996 looks so naive now.
View OriginalReply0
TokenStorm
· 21h ago
From a technical perspective, such pro-level statements can indeed sway market expectations, but I am more concerned about whether the on-chain data will keep up. I've heard this argument too many times; each time they say big institutional funds are coming, but what happens? The gas fee instead rises dramatically. That said, looking back at the macro cycles of the past 30 years, such metaphors often indicate that the eye of the storm is approaching. I am mentally prepared for liquidation, haha.
Managing $10 trillion in assets, BlackRock's CEO Larry Fink just dropped a bomb in The Economist interview. His take? Bitcoin and crypto right now are exactly where the internet was back in 1996.
Think about that for a second. In '96, most people thought the web was a fad. Fast forward three decades, and it's literally reshaped civilization. Fink's not some random analyst throwing hot takes—he's steering the world's largest asset manager. When someone at that level draws this parallel, they're not just commenting. They're positioning.
The message couldn't be clearer. The infrastructure's being built. The institutional money's warming up. And the folks who laughed at internet stocks in the 90s? Yeah, they're probably kicking themselves now.