Larry Fink, the CEO of the world’s largest asset manager, Blackrock, sees the recent bitcoin rally as “an example of the pent-up interest in crypto.” Noting that as the Israel-Hamas war rages on, more people will be running to bitcoin as “a flight to quality,” the executive emphasized: “We are hearing from clients around the world about the need for crypto.” ‘The Rally Today Is About a Flight to Quality’ Blackrock CEO Larry Fink offered his perspective on the bitcoin rally Monday following a rumor that the U.S. Securities and Exchange Commission (SEC) had approved his company’s spot bitcoin exchange-traded fund (ETF) application. While emphasizing that he cannot discuss “the specifics of anything,” Fink said on Fox Business: I think it’s just an example of the pent-up interest in crypto. We are hearing from clients around the world about the need for crypto. The rumor was spread by crypto news outlet Cointelegraph which posted on social media platform X early Monday morning th
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