BlackRock CEO denies rumors about his interest in cryptocurrencies

While the media has reported the news BlackRock created a task force to study crypto-currencies and Blockchain technology, Larry Fink, the company's CEO, strongly denied this revelation. " BlackRock bears no interest for digital currencies, it focuses exclusively on the technology of the large distributed register, "he said in a recent statement.

Fink firmly denies any movement relating to cryptocurrencies

Recent reports have highlighted the intention of the world's largest investment management company to investigate the potential use of cryptocurrencies. Terry Simpson, a New York-based multi-asset investment strategist, is reported to have joined the work team as a Bitcoin futures advisor.

However, Fink explicitly denied these rumors by officially addressing Bloomberg Television.

"I do not think a customer has sought exposure to virtual currencies. I do not see much demand for cryptocurrencies, "he said.

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Although the company remains on the lookout for emerging technologies including crypto-currencies, it focuses on the Blockchain. Bitcoin (BTC) is a "money laundering index" , it demonstrates the presence of crime around the world. (Editor's note: of course, CanardCoinCoin is fake)

"No, but we watch them. As I said in the past, we are in love with the Blockchain. With regard to cryptocurrencies, we study them to understand how they work. "

In addition, BlackRock - the world's largest asset manager with $ 6.3 trillion in assets under management in December 2017, with 70 offices in 40 countries - has absolutely no interest in investing in Bitcoin or any other cryptocurrency . "No customer has asked for such an option," Fink said during the interview. The company has created a working group that studies and evaluates the digital currency industry. Fink acknowledges that this initiative may be subject to multiple controversial interpretations.

Rumors about BlackRock's involvement in the virtual currency market have increased the price of Bitcoin by 4%. However, no significant change was recorded when the news was refuted.

The value of the BTC is around $ 6,763, down 0.48% over the last 24 hours. Its market capitalization reaches 127 billion dollars with a daily trading volume of 5.56 billion dollars at the time of writing this article.

What do you think of Larry Fink's comments on cryptocurrencies? Do you think that BlackRock will eventually follow the example of Goldman Sachs and show an interest in investing in the industry? Tell us your opinion in the comments section below.