According to CNBC, Larry Fink, the CEO of the world’s largest asset management company, BlackRock, believes that a Bitcoin ETF is just the first step towards a new financial world. Fink stated on CNBC’s “Squawk Box” program on Friday the 13th that a Bitcoin spot ETF is considered a way for investors to access a young and risky asset class. However, he believes that the value provided by blockchain technology goes beyond Bitcoin, and the newly launched ETF is just a prelude to the tokenization of other assets. Some people see Bitcoin as the beginning of integrating cryptocurrencies on a larger scale into the traditional financial system. After the approval of a Bitcoin spot ETF, investors are eagerly awaiting the first deadline for the US Securities and Exchange Commission (SEC) to approve or reject an Ethereum spot ETF, which is currently scheduled for May. However, Fink seems to be more focused on the deployment of blockchain technology to upgrade existing systems. He stated:
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
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