The world’s largest asset manager with $9.5 trillion under management, Blackrock, sees “very little” demand for cryptocurrencies, including bitcoin, according to CEO Larry Fink.
Blackrock’s CEO Talks About Crypto Demand
Larry Fink, the CEO of Blackrock, the world’s largest asset manager, talked about bitcoin on CNBC Wednesday as his firm announced a better-than-expected quarterly profit. Blackrock’s assets under management jumped to a record $9.49 trillion in the second quarter from $7.32 trillion a year earlier.
Reiterating his previous stance on cryptocurrency, Fink said: “Again, in my last two weeks of business travel, not one question had been asked about that. That is just not part of the focus on retirement and long-term investors.” The CEO added:
We see very little in terms of investor demand on those types of things. But, quite frankly, they may not come to Blackrock for those types of demand.
He continued: “But, I would say for all the pension funds and the i
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