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      tldr; BlackRock CEO Larry Fink discussed his evolving stance on Bitcoin, shifting from associating it with illicit activities to embracing it as an asset class. Speaking at The New York Times’ DealBook Summit, Fink referred to Bitcoin as an ‚asset of fear,‘ influenced by global events like the US-China trade deal and the Ukraine war. BlackRock has since launched a spot Bitcoin ETF, the iShares Bitcoin Trust, which reached a peak value of $70 billion. This marks a significant change from Fink’s earlier critical views on cryptocurrency.

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