BlackRock CEO: Concerned about the U.S. government deficit, cryptocurrency is the solution

In an interview with CNBC, BlackRock CEO Larry Fink stated that his initial skepticism towards cryptocurrencies like Bitcoin has been alleviated. After spending time researching and learning about Bitcoin, he began to believe in cryptocurrencies and thinks they have a place in the investment portfolios of ordinary investors. Larry Fink pointed out that political uncertainty in the United States and soaring government debt are major reasons for investors to hold Bitcoin, stating outright: "I firmly believe that Bitcoin has an indispensable position in the investment portfolio, it's like 'digital gold'."