First mentioned: 13/10/2017
Last mentioned: 01/12/2020
Total mentions: 2
Most mentions: 2020
Larry Fink, an American entrepreneur, serves as the Chief Executive Officer and Chairman of the globally renowned multinational management corporation, BlackRock.
Larry Fink on Bitcoin
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Over the past few years, there has been a notable shift in Fink's stance on Bitcoin. The period from 2017 to 2020 witnessed substantial enhancements to Bitcoin's infrastructure, exemplified by the introduction of technologies like the Lightning Network. It is plausible that these advancements played a pivotal role in prompting Fink to reconsider and alter his perspective. "Bitcoin has caught the attention and the imagination of many people."
During a meeting at the Institute of International Finance, Fink characterized Bitcoin as an "index of money laundering" and elucidated that its presence is driven by the persistent demand associated with illicit activities. "Bitcoin just shows you how much demand for money laundering there is in the world."
