• BlackRock CEO Larry Fink believes that a spot Bitcoin (BTC) exchange-traded fund (ETF) will help democratize crypto investments.
• Fink said that ETFs have been a game-changer for the finance industry and have the potential to bring further innovation.
• He also noted that Bitcoin is an international asset which serves as an alternative to gold.

BlackRock CEO Believes Spot Bitcoin ETF Will Democratize Crypto Investments

BlackRock CEO Larry Fink believes that a spot Bitcoin ( BTC ) exchange-traded fund (ETF) would make crypto investments more accessible to a broader range of people. During a recent interview with Fox Business, Fink said that ETFs have been a game-changer for the finance industry and have the potential to bring further innovation.

Lowering Costs of Investment

Fink noted that creating tokenization of assets and securities can revolutionize finance, allowing investors access to fractions of shares and making investing more cost effective. Over the last 10 years, Blackrock has lowered their iShares ETF cost by 30%, hoping to make investing easier and cheaper for all investors.

Bitcoin as Digital Gold

According to Fink, Bitcoin is an international asset which serves as an alternative to gold – it is digitizing gold in many ways by providing investors with a hedge against inflation or devaluation of currency. Furthermore, it is not based on any one currency so it can act as an asset no matter what country you are in.

High Transaction Fees

However, he did point out that transaction fees for cryptocurrency are currently very high which erodes returns from investments significantly. This makes it difficult for investors who want access to these tokens but cannot afford the high fees associated with them.

Conclusion

In conclusion, Fink’s vision for cryptocurrencies is one where investors can easily and cheaply purchase tokens without having to worry about exorbitant transaction fees or other financial hurdles blocking their way towards investing in digital assets such as bitcoin