Larry Fink Reassesses Bitcoin as ‘Store of Value’ Like Gold — BlackRock Reports Surge in Retail Demand for Bitcoin ETF
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In a CBS interview, BlackRock CEO Larry Fink said he has reassessed Bitcoin, noting that cryptocurrency can act as a store of value comparable to gold, a statement that reflects an evolving institutional view on digital assets.
Fink described Bitcoin as “not a bad asset” but warned against an outsized allocation, stressing the importance of disciplined portfolio allocation and risk management when integrating new asset classes into diversified holdings.
In an investor letter this year he reported that about half of demand for BlackRock’s Bitcoin ETF came from retail investors, with roughly 75% of buyers new to iShares, underscoring meaningful retail ETF inflows without commenting on future performance.