BlackRock Explores Crypto Potential and Warns of Banking Crisis Risks

BlackRock CEO Larry Fink believes that Bitcoin and crypto assets have the potential to improve financial inclusion and make investing easier. He also notes that the US is lagging behind in financial innovation compared to emerging markets. BlackRock plans to continue exploring the digital assets ecosystem and applying the same standards and controls to digital assets as it does across its business. Fink also questions whether the ongoing banking crisis in the US and overseas will lead to asset-liability mismatches being the second domino to fall.