BlackRock CEO Larry Fink Declares Bitcoin a Legitimate Financial Instrument

BlackRock CEO Larry Fink, once a skeptic of Bitcoin, now endorses it as a legitimate financial instrument and a potential portfolio asset, likening it to "digital gold." His comments come as BlackRock's Bitcoin ETF, the iShares Bitcoin Trust, sees significant inflows, highlighting Bitcoin's growing acceptance in mainstream finance. This shift underscores the evolving investment landscape where diversification and uncorrelated assets like Bitcoin are increasingly valued.