by Ethan Huff, Natural News:
The head of the world’s largest asset manager has changed his mind on cryptocurrencies like Bitcoin, which he opposed in 2017 but supports today.
Larry Fink, CEO of BlackRock, is making the media rounds in support of cryptos, arguing that they can “democratize” finance while “digitizing gold.” With United States regulators now considering the creation of an ETF directly linked to Bitcoin, Fink is suddenly all about cryptos, which he says have the potential to “revolutionize” finance.
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Six years ago, Fink was convinced, or so he said, that Bitcoin is “an index of money laundering.” Today, conversely, Fink is all about Bitcoin, which he says a growing number of his global investors are asking about and showing interest in.
When it comes to diversifying portfolios, cryptos have a “differentiating value versus other asset classes,” Fink said in a recent appearance on CNBC‘s “Squawk on the Street.”
“It’s so international (that) it’s going to transcend any one currency.”
(Related: Late last year, 19 U.S. states launched investigations into BlackRock and Vanguard for embracing and pushing climate tyranny.)
Is Larry Fink hinting at a great crash, followed by a new global cryptocurrency paradigm?
Seeing as how Fink is at the top of the globalist food chain, it is curious that he has suddenly changed his position on Bitcoin and other cryptos. What does he know that the rest of the world does not?
It would appear as though Fink and other globalists are positioning themselves in advance of the great crash – or perhaps it is better worded as the engineered crash to end all crashes, forcing everyone into a global centralized currency system.
“If you look at the value of our dollar, how it depreciated in the last two months and how much it appreciated over the last five years … an international crypto product can really transcend that,” Fink said, hinting at what is soon to come.
“That’s why we believe there’s great opportunities and that’s why we’re seeing more and more interest. And the interest is broad-based [and] worldwide.”
Fink would go on in the interview to claim that he and his fellow globalists “have a responsibility to democratize investing.”
“We’ve done a great job,” he said, patting himself on the back, “and the role of ETFs in the world is transforming investing. And we’re only at the beginning of that.”
The idea of “democratizing investing” sounds nice on the surface, but you can be sure if Fink and his ilk are suddenly pushing it that it will only be democratized on the surface – and will still be controlled from the top down by the globalists.
Interestingly, Fink made all these comments right before the Securities and Exchange Commission (SEC) accepted BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF).
Though there is still a long regulatory journey to take before a Bitcoin ETF becomes publicly available, the SEC’s acceptance of BlackRock’s application signals what is soon to come.
“We are working with our regulators because, as in any new market, if BlackRock’s name is going to be on it, we’re going to make sure that it’s safe and sound and protected,” Fink said.
Other funds have submitted similar applications to the SEC, including Wise Origin Bitcoin Trust, WisdomTree, VanEck, and Invesco Galaxy.
While not yet publicly available in the U.S., spot Bitcoin ETFs are already available as a financial product in Canada. Purpose Bitcoin, 3iQ CoinShares, and CI Galaxy Bitcoin have all been approved by Canadian regulators to operate Bitcoin ETFs in that country.
