CEO of BlackRock, the world's largest asset management company: Cryptocurrency will eventually become "a great asset"

Speaking on CNBC's "Squawk Box" on Thursday, Larry Fink, chief executive of the world's largest asset manager BlackRock, argued that cryptocurrencies could morph into "a great asset class."

BlackRock lnc. is the BlackRock Group, also known as the Black Rock Group, which is different from The Blackstone Group, one of the world's largest private equity funds. BlackRock (NYSE: BLK ) is the largest publicly traded investment management group in the United States. Headquartered in New York, USA, the group serves customers through its offices in the United States, Europe and Asia.

UniCC, the world's largest darknet market for credit cards and debit cards will be closed on January 22: On January 13, according to Bloomberg News, UniCC, the world's largest darknet market for credit cards and debit cards will be closed on January 22 . According to data disclosed by Elliptic, in 2021 alone, UniCC received more than $100 million worth of Bitcoin in exchange for stolen credit cards. Elliptic speculated that UniCC’s sudden choice to cease operations may be to avoid upcoming law enforcement scrutiny.

As of now, several darknet platforms that use cryptocurrencies have ceased operations, such as the credit card darknet market oker's Stash, online illicit drug websites Monopoly Market and White House Market, and Silk Road. [2022/1/13 8:46:07]

As early as November last year, RIO Rieder, BlackRock's chief investment officer for global fixed income, also talked about replacing gold with bitcoin in an interview with "Squawk Box". At that time, Rieder said, "I think the development of cryptocurrencies will be durable. , and we've seen central banks talking about digital currencies. I think digital currencies and the acceptance of technology and cryptocurrencies, especially among millennials, is real. Digital payment systems are also real, so I think Think Bitcoin is here to stay.”

Analysis: World's Largest Bitcoin Fund Falls to Discount Investors Rush to Exit: According to analysis on February 26, the world's largest Bitcoin fund is falling faster than the cryptocurrency itself. The $32 billion Grayscale Bitcoin Trust (GBTC) has plunged 20% this week, outpacing bitcoin's 13% drop. The huge premium of GBTC relative to the underlying assets has disappeared, and the closing price on Wednesday was 0.7% lower than the underlying assets. Statistics show that this is the first discount since March 2017. The disappearance of the premium suggests investors are looking to exit as Bitcoin’s rally stalls after plowing large sums of money into GBTC seeking to participate in Bitcoin’s spectacular rally. "This is panic or profit-taking," said analyst Eric Balchunas, "It's as if the price of GBTC is an enlarged version of the price of Bitcoin." (Golden Ten) [2021/2/26 17:54:09]

BlackRock has already begun to lay out the entire encryption market earlier this year. In January, the company released a job opening for blockchain and cryptocurrency executives, looking for a vice president of blockchain for its New York office. The hiring requirements indicated that candidates for the position should be able to create valuation models for cryptocurrencies, but also evaluate other aspects such as governance models and underlying technology. Then, according to regulatory filings, BlackRock began trading bitcoin futures. And in January, it provided investors with an application for Bitcoin exposure through its two funds.

NEC has developed the world's fastest blockchain technology with over 100,000 transactions per second: According to China Science and Technology Network's report today, NEC and NEC European Research Institute have developed the world's fastest blockchain The consensus algorithm can achieve ultra-high recording performance of processing more than 100,000 transactions per second in a large-scale connection environment where the number of nodes participating in the transaction reaches about 200. As a system that supports credit card transactions around the world, the processing performance must reach tens of thousands of transactions per second. This technology promotes the realization of this performance and accelerates the real application of blockchain in the business field. [2018/3/12]

Larry Fink has long acknowledged the growing popularity of Bitcoin, saying that Bitcoin has the potential to become a global market asset last year. In his conversation with former Bank of England Governor Mark Carney, Fink said that BlackRock's interest in bitcoin is increasing. "Search volumes are exploding on the site, Bitcoin fits the needs of many people, it may gain popularity, and it will also have a place in the world's financial system."

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