In an interview with Fox Business, BlackRock CEO Larry Fink declared that Bitcoin should be seen as one of the world’s important investments.
His company plans to introduce a Bitcoin-ETF exchange-traded crypto fund, for which an application was sent to the US Securities and Exchange Commission (SEC) in mid-June.
Fink remains hopeful that the regulator will approve the launch of the institution, which is much desired by institutional investors.
BlackRock is working closely with the American authorities to craft the safest product for large businesses.
Fink suggested that Bitcoin should be referred to as “digital gold.”
Despite that Fink was initially hesitant regarding BTC, he has recently changed his mind after recognizing the tremendous potential of the cryptocurrency.
