BlackRock CEO Concedes Bitcoin Can Evolve Into Global Market
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Dec. 2, 2020
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The bitcoin (EXANTE: Bitcoin) market can eventually be a global one. At least BlackRock CEO Larry Fink thinks so.

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In a conversation with former Bank of England Governor Mark Carney at the Council on Foreign Relations, Fink admitted that the largest cryptocurrency by market capitalization has caught the attention of Wall Street.

"...these big giant moves every day…it is a thin market. Can it [bitcoin market] evolve into a global market? Possibly," he said.

Fink's statement comes after Rick Rieder, Chief Investment Officer at BlackRock, said in an interview with CNBC that cryptocurrencies will not disappear anytime soon. Rieder also pointed out that bitcoin (EXANTE: Bitcoin) is more functional than a bar of gold thanks to its digital nature.

JPMorgan Expects Further Decline of Bitcoin Price

Meanwhile, former Goldman Sachs President Gary Cohn thinks bitcoin still lacks basic integrity of a real market. Cohn believes bitcoin still may fail as it has no full transparency.

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