BlackRock CEO Says His Past Bitcoin Opposition Was "Wrong"

BlackRock CEO Larry Fink said his earlier opposition to Bitcoin and cryptocurrency was a mistake, speaking at The New York Times DealBook Summit on Dec. 4. Asked about his 2017 remarks describing cryptocurrency as a tool for money laundering and thieves, Fink said his views evolved through ongoing self-examination and annual meetings with thousands of clients and government leaders. BlackRock now manages the largest Bitcoin spot ETF by assets.