At the other end of his optimism, Fink thinks that digital assets will not be able to replace government-issued currencies. Ironically, back in December, the CEO said that digital assets could evolve into a global market and eventually threaten the U.S. Dollar. He remarked:
BlackRock’s move into crypto was widely expected. Company officials have been leaving clues. In November, Rick Rieder, chief investment officer at the firm predicted that Bitcoin could displace gold.
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Source: Cryptocurrency - investing.com
