CoinVoice has learned that, according to Decrypt, BlackRock CEO Larry Fink has once again expressed cautious acknowledgment of cryptocurrency investments and retracted his statement referring to Bitcoin as a 'money laundering index.' On Sunday, Fink said in an interview with CBS, 'I did say at the time that Bitcoin was the domain of money launderers and thieves, but the market will teach you a lesson; everyone always has to reevaluate their assumptions; cryptocurrency, like gold, has its own significance, meaning that it is an alternative.'
However, he also urged caution, believing that for those seeking diversified investments, cryptocurrency is not a bad asset, but it should not occupy a large proportion of the portfolio. Over the years, Fink's change in attitude has aligned with the overall softening stance of Wall Street toward cryptocurrency; he had previously outright denied Bitcoin. [Original link]
