Crypto News – The CEO of BlackRock, the largest asset manager in the world, Larry Fink, declares that he is optimistic about the future of Bitcoin and the BTC price. After BlackRock launched a spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC) in June, Larry Fink has been outspoken about the value of Bitcoin in the future. He claimed last week that Bitcoin represents a “flight to quality.”
According to BlackRock CEO Larry Fink, Bitcoin’s Value Equals Human Freedom
While speaking with value investor and Bitcoin enthusiast Mike Alfred, BlackRock CEO Fink once again hinted that he was positive about the digital currency. When asked how valuable he believes Bitcoin would become in the future, Larry Fink responded,
What is the value of human freedom?
Fink’s assertion that the value of Bitcoin is equivalent to individual freedom demonstrates his optimism for the long term of the cryptocurrency. The remark came after the SEC recently started productive discussions with Bitcoin ETF producers on a number of topics for contemplating authorizing Bitcoin ETF.
Spot Bitcoin ETF Likely to be Approved This Year
The likelihood of a spot Bitcoin ETF being approved was raised to 90% by Bloomberg analysts Eric Balchunas and Seyffart. A significant precedent for the approval of a spot Bitcoin ETF has been set by the Grayscale decision. The Bitcoin ETF is anticipated to launch this year, according to Bloomberg analysts and business executives Mike Novogratz and Cathie Wood. The optimistic feeling in the global cryptocurrency market was fueled by JPMorgan’s analysis of the likelihood that the SEC will approve a Bitcoin ETF this year.