Larry Fink 🗣️
2017: “Bitcoin is an index of money laundering."
2024: “There is a role for crypto in the same way for gold”
Did the bull market clock just restart? 🧵👇
1/ On 60 Minutes, the most powerful man in global finance was asked about crypto.
His answer shocked Wall Street:
“There is a role for crypto in the same way there is a role for gold. It’s an alternative.”
That line might change everything.
2/ Larry Fink → CEO of BlackRock, the world’s largest asset manager.
$10 TRILLION AUM.
When he speaks, markets move.
And this time, he wasn’t dismissing Bitcoin.
He was endorsing it.
3/ It wasn’t always like this.
2017 → “Bitcoin is an index of money laundering.”
2018 → Admitted blockchain could be useful, but called crypto a speculative frenzy.
Fast-forward to 2025 → Fink calls it an alternative asset like gold.
The flip is complete.
4/ Why does this matter?
Because BlackRock doesn’t talk, they act.
In 2024 they launched the iShares Bitcoin Trust, the first BlackRock spot BTC ETF.
It pulled $1.8 B in inflows within months.
Now they’re building blockchain rails internally.
5/ Fink’s comparison puts crypto in the same bucket as:
Gold - hedge against inflation
Bonds - capital preservation
Crypto - digital alternative
In his words: “An asset for uncertain times.”
6/ Context:
Gold just hit a $27 trillion market cap, its new all-time high this morning.
If Bitcoin even mirrors a fraction of that, upside is massive.
The timing of Fink’s comment couldn’t be more bullish for Q4.
7/ And remember, this comes after a brutal crash.
Markets wiped $19 B days ago.
Fear index spiked.
Then Fink walks on national TV and reframes the entire narrative.
Crypto as stability, not speculation.
8/ He’s not alone either:
Fidelity & JPMorgan → launching crypto products
PayPal & Visa → integrating stablecoins
Institutions → rotating back in post-rate cuts
Crypto is no longer the outsider.
It’s becoming infrastructure.
9/ The irony?
The same man who once dismissed Bitcoin as dirty money…
now markets it as digital gold.
That sound you hear?
Wall Street finally catching up to the cypherpunks.
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