LARRY FINK IS BULLISH ON CRYPTOCURRENCY

American billionaire businessman Larry Fink who is the chairman and CEO of Black Rock said the entire world is going to tokenize with crypto. If you are familiar with the investment firm, you will know that Blackrock actually owns the world of investment because it is the largest investment manager in the world. Larry is bullish on cryptocurrency, this might gain attention as the present Bitcoin monthly candle is green. Larry Fink is extremely bullish on crypto believing that we should tokenize every single and every single bond. Larry Fink said Blackrock which is the most powerful institution in the world wants to be leading this effort.

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Of course, this will be bullish for Ethereum as the tokenization of assets will largely take place on Ethereum but Larry Fink being such an advocate for crypto is huge. It is hard not to be incredibly optimistic in the space when the largest firm believes in the vision. Let's not forget that things are changing fast in the crypto space. Larry Fink is fascinated by cryptocurrency but not overly bullish jump in the crypto world. He also said although institutions were interested in it, he was not really a conversation he was having. But that has all changed in the bear market with instructions finally arriving to cryptocurrency in just the last month.

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In June 2022, We said Blackrock begin their institutional journey into crypto with Blackrock partnering with Coinbase prime to institutional investors direct access to cryptocurrency. Not too long, we saw other institutions follow, in October 2022, BNY melon launch an asset custody platform secure assets for an institutional client with Bitcoin. Then again in 2022, we saw Eaglebrook advisor and Ark investment which Caphy Wood partnered to offer financial advisors to actively managed strategies. Also in November 2022, we saw fidelity officially launch retail Bitcoin and ETH trading accounts which will allow investors to trade and custody cryptocurrency on their platform. As opposed to the bull market when Larry Fink said institutions are fascinating but not interested, we are now seeing them fall like dominoes beginning with black rock getting into the crypto space.