BlackRock CEO Acknowledges Past Misjudgment on Bitcoin

According to BlockBeats, BlackRock CEO Larry Fink admitted at the New York Times DealBook Summit that his previous opposition to Bitcoin and cryptocurrencies was a "mistake." When asked about his 2017 statement labeling cryptocurrencies as tools for "money laundering and thieves," Fink explained that his views have evolved significantly. He attributed this change to continuous self-reflection and interactions with thousands of clients and government leaders each year. Fink stated that BlackRock now actively embraces Bitcoin, highlighting a significant shift in the company's stance as it holds the largest Bitcoin spot ETF.