BlackRock CEO: Bitcoin is an International Asset

Larry Fink, the head of the powerful financial company BlackRock, stated that buying Bitcoin is an effective method of guarding against inflation, instead of investing in precious metals.

He characterized Bitcoin as a “digital gold” and an “international currency”, contrary to his initial hesitance about the digital asset.

On June 15, BlackRock then filed a spot Bitcoin ETF application with the US Securities and Exchange Commission (SEC).

Fink declared readiness to work with the agency, urging the SEC to consider the filing with utmost respect.

After BlackRock, additional applications for the same ETF were made by Valkyrie Capital, Fidelity Investments, WisdomTree, and Invesco.

Most notably, ARK Invest and 21Shares managed to surpass other contenders with their earlier notifications.

Furthermore, Fink pointed out his company’s ambition to increase investor opportunities for cryptocurrency, making it “more democratic” and “cheaper.”

Recently, Cameron Winklevoss, the co-founder of the Gemini cryptocurrency exchange, severely criticized the SEC for their decision to not authorize spot Bitcoin ETFs.