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Blackrock CEO calls Bitcoin an untested asset in a 'very small market'

Published 01/27/2021, 12:25 PM
Updated 01/27/2021, 02:40 PM
Blackrock CEO calls Bitcoin an untested asset in a 'very small market'

Just one week after asset manager Blackrock (NYSE:BLK) appeared to be preparing to invest in Bitcoin futures, CEO Larry Fink has some mixed messages on crypto.

In an interview with Bloomberg on Wednesday, Fink referred to Bitcoin (BTC) as a volatile asset within "a very small market." The CEO’s remarks continued, with fascination over the media coverage of Bitcoin, given that the “asset category is so small compared to other asset categories.”

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