{"id":471918,"date":"2024-01-13T16:01:39","date_gmt":"2024-01-13T16:01:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=471918"},"modified":"2024-01-13T16:03:08","modified_gmt":"2024-01-13T16:03:08","slug":"bitcoin-price-prediction-blackrock-ceo-larry-fink-says-btc-is-an-asset-class-as-investors-rush-to-buy-this-ico-boosted-by-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-blackrock-ceo-larry-fink-says-btc-is-an-asset-class-as-investors-rush-to-buy-this-ico-boosted-by-bitcoin-etfs","title":{"rendered":"Bitcoin Price Prediction: BlackRock CEO Larry Fink Says BTC Is An Asset Class As Investors Rush To Buy This ICO Boosted By Bitcoin ETFs"},"content":{"rendered":"
The Bitcoin price plunged 7.4% in the last 24 hours to trade for $42,591 as of 7:35 a.m. EST time, with trading volume rising a fraction.<\/p>\n
But there was better news for the king of cryptocurrencies when BlackRock CEO Larry Fink said that BTC is an international asset class, adding that investors should consider it an alternative to gold as a hedge against inflation.<\/p>\n
“It’s no different than what gold represented over thousands of years,” said Fink in an interview with CNBC. “It is an asset class that protects you.”<\/p>\n
\nCEO of BlackRock, Larry Fink, on Bitcoin: <\/p>\n
\"I believe it goes up if…people are more frightened of the geopolitical risks, they're fearful of their own risks…<\/p>\n
…It's no different than what gold represented over thousands of years. It is an asset class that protects you…\" pic.twitter.com\/4ogmhANppi<\/a><\/p>\n
— Bitcoin Bites (@BTC_Bites) January 12, 2024<\/a><\/p><\/blockquote>\n