BlackRock’s CEO, Larry Fink, has admitted that his earlier judgment on the world’s largest crypto asset by market capitalization, Bitcoin (BTC), and other digital assets was wrong. He strongly criticized their potential value at the time. In a recent interview with The New York Times, Fink recalled that in 2017, he once referred to crypto as an index for money laundering and thieves. At the time, Fink did not believe in BTC’s potential. Evolving Opinions on BTC and Crypto Assets   Having founded one of the largest Bitcoin exchange-traded funds (ETFs), the BlackRock executive noted that he has strong views, which do not always make him right. He further revealed that having strong perspectives makes an individual question himself about some issues. In addition, the BlackRock CEO disclosed that, over the years, having met thousands of clients, including government leaders, his view on crypto assets, particularly BTC, has evolved as the industry has grown. Fink also explained that the technology behind Bitcoin is now proving its value in ways that were not clear many years ago. According to him, the rise of digital assets and blockchain is opening new doors in global finance and investment. BlackRock’s Deep Dive Into the Crypto Market The shift in opinion comes when the asset management firm is deeply involved in the crypto space. The company launched its own Bitcoin exchange-traded fund (ETF), which quickly drew significant investor attention. The success of the ETF has shown that many institutions and everyday people are becoming more confident in BTC. However, the executive still believes the crypto sector needs more transparency. He revealed that while BTC has made remarkable progress over the years, the crypto industry must continue to fight fraud and protect users from risks. While sharing his experience and view concerning bitcoin is significant, data from CoinGecko showed that the asset represents a 2.2% increase in the last 24 hours. The leading crypto is currently changing hands at over $93,250. Founded in 1988 with 8 people in a single room, the Bitcoin ETF has emerged as the largest asset manager. The company allows users to gain exposure to BTC price movements without owning the asset itself. The post BlackRock CEO Says He Was Wrong About BTC, Called it Money Laundering Channel appeared first on CoinTab News.BlackRock’s CEO, Larry Fink, has admitted that his earlier judgment on the world’s largest crypto asset by market capitalization, Bitcoin (BTC), and other digital assets was wrong. He strongly criticized their potential value at the time. In a recent interview with The New York Times, Fink recalled that in 2017, he once referred to crypto as an index for money laundering and thieves. At the time, Fink did not believe in BTC’s potential. Evolving Opinions on BTC and Crypto Assets   Having founded one of the largest Bitcoin exchange-traded funds (ETFs), the BlackRock executive noted that he has strong views, which do not always make him right. He further revealed that having strong perspectives makes an individual question himself about some issues. In addition, the BlackRock CEO disclosed that, over the years, having met thousands of clients, including government leaders, his view on crypto assets, particularly BTC, has evolved as the industry has grown. Fink also explained that the technology behind Bitcoin is now proving its value in ways that were not clear many years ago. According to him, the rise of digital assets and blockchain is opening new doors in global finance and investment. BlackRock’s Deep Dive Into the Crypto Market The shift in opinion comes when the asset management firm is deeply involved in the crypto space. The company launched its own Bitcoin exchange-traded fund (ETF), which quickly drew significant investor attention. The success of the ETF has shown that many institutions and everyday people are becoming more confident in BTC. However, the executive still believes the crypto sector needs more transparency. He revealed that while BTC has made remarkable progress over the years, the crypto industry must continue to fight fraud and protect users from risks. While sharing his experience and view concerning bitcoin is significant, data from CoinGecko showed that the asset represents a 2.2% increase in the last 24 hours. The leading crypto is currently changing hands at over $93,250. Founded in 1988 with 8 people in a single room, the Bitcoin ETF has emerged as the largest asset manager. The company allows users to gain exposure to BTC price movements without owning the asset itself. The post BlackRock CEO Says He Was Wrong About BTC, Called it Money Laundering Channel appeared first on CoinTab News.