BlackRock's Larry Fink Calls Bitcoin 'Digital Gold', Eyes $10tn Tokenization

Larry Fink, CEO of BlackRock, has recently made headlines by endorsing Bitcoin as a significant investment, likening it to 'digital gold' and a 'great long-term store of value.' This shift in perspective comes amid discussions on the potential of Bitcoin ETFs and the broader tokenization of assets, with Wall Street eyeing a $10tn opportunity. Fink's comments have sparked a wide range of reactions, from those seeing it as a bullish sign for cryptocurrencies to critics accusing him of opportunistic behavior. The move is seen as part of a larger trend of traditional finance (TradFi) capital flowing into cryptocurrencies, indicating a growing acceptance of digital assets.