https://www.forbes.com/sites/billybambrough/2022/03/27/bitcoin-and-crypto-now-braced-for-a-10-trillion-earthquake-as-ethereum-bnb-xrp-solana-and-cardano-soar/Bitcoin And Crypto Now Braced For A $10 Trillion Earthquake
Now, Larry Fink, the chief executive of BlackRock, the world's largest asset manager with around $10 trillion in assets under management, has said his company is "studying" digital currencies due to climbing client demand.
Bitcoin And Crypto Now Braced For A $10 Trillion Earthquake As Ethereum, BNB, XRP, Solana And Cardano Soar
The bitcoin price jumped to over $45,000 per bitcoin after a senior Russian official said the country would accept bitcoin as payment for its energy exports. Meanwhile, the ethereum price has continued to climb as "enthusiasm" builds ahead of a long-awaited upgrade.
Now, Larry Fink, the chief executive of BlackRock, the world's largest asset manager with around $10 trillion in assets under management, has said his company is "studying" digital currencies due to climbing client demand.
"As we see increasing interest from our clients, BlackRock is studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients," Fink wrote this week in a letter to BlackRock shareholders.
Fink has previously dismissed bitcoin and crypto, saying in a CNBC interview last year that he doesn't see much demand for crypto. In February, Coindesk reported BlackRock was gearing up to follow other Wall Street giants including Goldman Sachs, Morgan Stanley and Citi, into crypto services, and is planning to let clients borrow from BlackRock by pledging crypto assets as collateral.
This week, Goldman became the first major U.S. bank to trade crypto over the counter, working with crypto merchant bank Galaxy Digital to offer a bitcoin-linked instrument called a non-deliverable option.