### BlackRock CEO Larry Fink's recent bullish remarks about Bitcoin have sparked excitement and speculation within the crypto community. Speaking on Fox Business, Fink expressed his views on cryptocurrency and the potential benefits it offers. He described Bitcoin as an "international asset" that could serve as a valuable alternative investment.

<blockquote className="twitter-tweet"><p lang="en" dir="ltr">JUST IN: $9 trillion asset manager BlackRock CEO says crypto is digital gold and &quot;<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is an international asset.&quot; <a href="https://t.co/x0NGcBdzA2">pic.twitter.com/x0NGcBdzA2</a></p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1676685754922151941?ref_src=twsrc%5Etfw">July 5, 2023</a></blockquote> 



As the CEO of BlackRock, the world's largest asset management firm with a staggering $9 trillion in assets under management, Fink's positive stance on crypto carries significant weight. BlackRock has even filed an application to list a spot Bitcoin exchange-traded fund (ETF) in the United States, which, if approved, could further legitimize and mainstream cryptocurrency.



Fink highlighted the role of Bitcoin in digitizing gold, suggesting that US regulators should consider the potential democratization of finance that a Bitcoin ETF could bring. He emphasized that Bitcoin is not tied to any specific currency, making it a versatile asset that people can use as an alternative.



Investors welcomed Fink's comments, seeing them as a potential catalyst for a surge in asset prices, leading to what some have dubbed the "Fink Pump." However, it remains to be seen whether Fink's positive sentiment will influence regulators' decisions regarding the approval of the spot Bitcoin ETF application.



The crypto community eagerly awaits the Securities and Exchange Commission's response to BlackRock's proposal, as previous spot BTC ETF applications have been rejected. Fink's supportive stance on Bitcoin adds further fuel to the ongoing debate about the future of cryptocurrency and its increasing relevance in traditional finance.

BlackRock CEO Larry Fink's recent bullish remarks about Bitcoin have sparked excitement and speculation within the crypto community. Speaking on Fox Business, Fink expressed his views on cryptocurrency and the potential benefits it offers. He described Bitcoin as an "international asset" that could serve as a valuable alternative investment.

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