Larry Fink Now Calls Bitcoin a CEO Says BTC ‘Not a Bad ’

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Larry Fink now recognizes Bitcoin as a legitimate alternative asset.
BlackRock’s Bitcoin ETF dominates with over $93.9B in assets.
Institutional and retail adoption continues to accelerate post-2025.

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BlackRock CEO Larry Fink has publicly acknowledged that cryptocurrencies now hold a legitimate role in global markets—a striking reversal from his earlier stance dismissing Bitcoin as an “index of money laundering.”

In a recent interview with CBS, Fink reflected on how time and market evolution reshaped his views. “The markets teach you to re-examine your assumptions,” he said, noting that Bitcoin now serves a role similar to gold as a modern alternative asset.

From Critic to Advocate

Back in 2017, Fink stood among Wall Street’s staunchest skeptics of crypto, alongside figures like JPMorgan’s Jamie Dimon. At that time, Bitcoin was widely seen as speculative and risky. Fast forward to today, and the conversation has shifted.

Investor demand, maturing regulation, and broader adoption have pushed crypto into mainstream finance. Since 2023, Fink has increasingly endorsed Bitcoin’s diversification potential, advising investors to treat it as a small but strategic portfolio component. “For those looking to diversify, [Bitcoin] is not a bad asset,” he said.

BlackRock’s Expanding Crypto Footprint

BlackRock’s actions now mirror Fink’s evolving view. In 2024, the $12.5 trillion asset manager launched the iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF that quickly rose to dominate the market. Within a year, IBIT managed over $93.9 billion in assets—holding roughly 804,000 BTC, or about 3% of Bitcoin’s total supply.

Even more telling is where the demand is coming from. Half of IBIT’s investors are retail buyers, and most had never owned an iShares product before. This surge signals that Bitcoin’s reputation as a niche asset is fading fast.

Institutional Adoption Accelerates Post-Trump Re-Election

Since President Donald Trump’s 2025 re-election, institutional appetite for crypto has grown. Public entities now hold around 358,000 BTC, while corporations like MicroStrategy, Tesla, and Robinhood continue to build sizable reserves. Together, ETFs and corporate holders now control over 1.65 million BTC, roughly 10% of all coins in circulation.

Also Read: Sei Network Gains Momentum with BlackRock On-Chain

Experts say this deepening institutional share could lend stability—but it also raises concerns about centralization in an ecosystem built on decentralization.

Larry Fink’s evolution from Bitcoin critic to cautious advocate mirrors the broader shift in traditional finance. Once dismissed, crypto has now earned its seat at the table—proving that even the world’s largest asset manager can’t ignore digital assets’ growing legitimacy.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.