BlackRock CEO Larry Fink Declares Bitcoin a Standalone Asset Class, Signals Growing Mainstream Adoption
In a significant endorsement, BlackRock CEO Larry Fink has declared Bitcoin an asset class in its own right, likening it to commodities such as gold.
Bitcoin’s path to adoption
Bitcoin is described as a peer-to-peer electronic cash system in its whitepaper. Early adopters hoped it would be used by anyone across the globe. Ten years later, bitcoin has not yet become a universally accepted currency and has instead evolved to become different things to different people.
Gold bugs flinch as Grayscale campaign promotes bitcoin
Cryptocurrency investment firm Grayscale is taking the bitcoin versus gold fight to TV, launching a multi-million dollar campaign that promotes bitcoin as a new and improved form of gold.