{"id":176420,"date":"2023-10-18T12:43:05","date_gmt":"2023-10-18T07:13:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176420"},"modified":"2023-10-18T12:43:05","modified_gmt":"2023-10-18T07:13:05","slug":"blackrock-ceo-larry-fink-says-bitcoin-and-crypto-will-play-a-role-in-investors-flight-to-quality-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/blackrock-ceo-larry-fink-says-bitcoin-and-crypto-will-play-a-role-in-investors-flight-to-quality-crypto-news\/","title":{"rendered":"BlackRock CEO Larry Fink Says Bitcoin and Crypto Will Play a Role in Investors\u2019 Flight to Quality &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>BlackRock chief executive Larry Fink believes that Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) and the rest of the crypto markets are now ready to serve as safe-haven assets amid worsening geopolitical conditions.<\/p>\n<p>In a new Fox Business interview, Fink says that Bitcoin\u2019s rally earlier this week is an indication that investors are seeing BTC as a mature asset that can serve as a store of value in times of crisis.<\/p>\n<p><em>\u201cI think it\u2019s just an example of the pent-up interest in crypto. We are hearing from clients around the world about the need for crypto.<\/em><\/p>\n<p><em>I think some of this rally is way beyond the rumor. I think the rally [on Monday] is about a flight to quality with all the issues around the Israeli war now, global terrorism and I think there are more people running into a flight to quality whether that is in treasuries, gold or crypto \u2013 depending on how you think about it.\u00a0<\/em><\/p>\n<p><em>And I believe crypto will play that type of role as a flight to quality.\u201d\u00a0<\/em><\/p>\n<p>On Monday, Bitcoin rallied briefly above $30,000 after erroneous reports circulated that the U.S. Securities and Exchange Commission (SEC) greenlighted BlackRock\u2019s bid for a spot-based BTC exchange-traded fund (ETF).<\/p>\n<p>At time of writing, Bitcoin is trading for $28,448.<\/p>\n<p>Looking at the broader picture, Fink says that people\u2019s attention is being consumed by bad news stories around the globe that they are forgetting about the world-changing potential of artificial intelligence (AI) and technology.<\/p>\n<p><em>\u201cWe are not spending enough time talking about some of the great things that are going on in the world today and that\u2019s when I think about technology and that\u2019s going to be shaping and changing our world. When you think about AI and robotics, this is going to accelerate movement towards nearshoring, and onshoring.<\/em><\/p>\n<p><em>We\u2019re going to be able to use this new technology\u2026 [to create] more jobs and more factories [in the US].\u201d<\/em><\/p>\n<p><iframe loading=\"lazy\" title=\"Larry Fink: The world needs to get back its moral compass\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/3O4pnwq6ddY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"color: #ffffff\">I<\/span><\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">Twitter<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p><a rel=\"nofollow noopener\" target=\"_blank\" class=\"maxbutton-4 maxbutton maxbutton-check-out-the-latest-headlines-bigger\" href=\"https:\/\/dailyhodl.com\/news\/\"><span class=\"mb-text\">Check Latest News Headlines<\/span><\/a><\/p>\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Generated Image: DALLE-3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock chief executive Larry Fink believes that Bitcoin (BTC) and the rest of the crypto markets are now ready to serve as safe-haven assets amid worsening geopolitical conditions. In a new Fox Business interview, Fink says that Bitcoin\u2019s rally earlier this week is an indication that investors are seeing BTC as a mature asset that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":176421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-176420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=176420"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176420\/revisions"}],"predecessor-version":[{"id":176423,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176420\/revisions\/176423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/176421"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}