Larry Fink đŁïž
2017: âBitcoin is an index of money laundering."
2024: âThere is a role for crypto in the same way for goldâ
Did the bull market clock just restart? đ§”đ
1/ On 60 Minutes, the most powerful man in global finance was asked about crypto.
His answer shocked Wall Street:
âThere is a role for crypto in the same way there is a role for gold. Itâs an alternative.â
That line might change everything.
2/ Larry Fink â CEO of BlackRock, the worldâs largest asset manager.
$10 TRILLION AUM.
When he speaks, markets move.
And this time, he wasnât dismissing Bitcoin.
He was endorsing it.
3/ It wasnât always like this.
2017 â âBitcoin is an index of money laundering.â
2018 â Admitted blockchain could be useful, but called crypto a speculative frenzy.
Fast-forward to 2025 â Fink calls it an alternative asset like gold.
The flip is complete.
4/ Why does this matter?
Because BlackRock doesnât talk, they act.
In 2024 they launched the iShares Bitcoin Trust, the first BlackRock spot BTC ETF.
It pulled $1.8 B in inflows within months.
Now theyâre building blockchain rails internally.
5/ Finkâs comparison puts crypto in the same bucket as:
Gold - hedge against inflation
Bonds - capital preservation
Crypto - digital alternative
In his words: âAn asset for uncertain times.â
6/ Context:
Gold just hit a $27 trillion market cap, its new all-time high this morning.
If Bitcoin even mirrors a fraction of that, upside is massive.
The timing of Finkâs comment couldnât be more bullish for Q4.
7/ And remember, this comes after a brutal crash.
Markets wiped $19 B days ago.
Fear index spiked.
Then Fink walks on national TV and reframes the entire narrative.
Crypto as stability, not speculation.
8/ Heâs not alone either:
Fidelity & JPMorgan â launching crypto products
PayPal & Visa â integrating stablecoins
Institutions â rotating back in post-rate cuts
Crypto is no longer the outsider.
Itâs becoming infrastructure.
9/ The irony?
The same man who once dismissed Bitcoin as dirty moneyâŠ
now markets it as digital gold.
That sound you hear?
Wall Street finally catching up to the cypherpunks.
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