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The head of the world’s largest asset manager has provided a somewhat bullish view of the world’s first cryptocurrency.
According to a CNBC report on Tuesday, BlackRock CEO Larry Fink said bitcoin had “caught the attention” of many people and that the cryptocurrency market was still relatively small compared to others.
Speaking with former Bank of England Governor Mark Carney at the Council on Foreign Relations on Tuesday, Fink said the fledgling cryptocurrency asset class may eventually “evolve” into a global market asset, CNBC said.
According to the report, Fink also said that having a digital currency has a real impact on the US dollar, making it less relevant on a global scale for international holders of dollar-based assets. He also raised the question: “Does the need for the dollar as a reserve currency change?”
The comments are still relatively rare approval from major mainstream financial players, but they follow the even more bullish views of billionaire hedge fund managers Stanley Druckenmiller and Paul Tudor Jones II, who are allocating some of their assets to bitcoin.
BlackRock is the largest wealth manager in the world with over $ 7.4 trillion in assets under management, according to the manager’s website.
