World's Largest Asset Manager Blackrock Sees 'Very Little' Demand for Cryptocurrencies - News Bitcoin News
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Larry Fink, the CEO of Blackrock, the world's largest asset manager, talked about bitcoin on CNBC Wednesday as his firm announced a better-than-expected quarterly profit.Blackrock's assets under management jumped to a record $9.49 trillion in the second quarter from $7.32 trillion a year earlier.
Reiterating his previous stance on cryptocurrency, Fink said: "Again, in my last two weeks of business travel, not one question had been asked about that.That is just not part of the focus on retirement and long-term investors."
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