BlackRock CEO admits his previous opposition to Bitcoin and cryptocurrencies was a mistake.
BlackRock CEO Larry Fink admitted at the New York Times DealBook Summit today that his previous opposition to Bitcoin and cryptocurrencies was wrong. The host asked, "You once called cryptocurrencies tools for money laundering and thieves in 2017, but now BlackRock owns the largest Bitcoin spot ETF. What happened?" Larry Fink responded, "I have strong opinions, but that doesn't mean I can't be wrong. Through continuous self-examination and meeting thousands of clients and government leaders every year, my thought process has continuously evolved, and my views have undergone a significant transformation. Now BlackRock actively embraces Bitcoin."
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