BlackRock
CEO, Larry Fink, has recently adjusted his perspective on Bitcoin, stating that
the cryptocurrency is just a money laundering scheme. Fink had previously made
some relatively positive comments about Bitcoin, but has shifted his position.
The head
man at the largest asset management firm in the world spoke out against Bitcoin
during the same Institute of International Finance panel discussion in which
Jamie Dimon called Bitcoin buyers ‘stupid.’ Fink said:
"Bitcoin just shows you how much demand for money laundering there is in the world. That’s all it is. It’s an index of money laundering.”
The
comments were met with chuckles from the crowd, even as Fink looked at Dimon as
he spoke.
These
recent comments indicate the substantial divide there is in Wall Street between
industry leaders like Tommy Lee at Fundstrat and others, who have supported
Bitcoin as an asset, and Dimon and others who have denigrated it.
Source: Cointelegraph
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