BlackRock CEO's statements about Bitcoin are very shocking. Among many positive statements about Bitcoin, people overlook when he strongly refuted when the interviewer said crypto was overvalued and lacked utility, saying "I actually believe the technolog

BlackRock's CEO Larry Fink in his latest interview made statements that if you were told last month you'd surely believe it was made up. Much of the media already highlighted his other quotes many other positive phrases he made about crypto and mostly Bitcoin but I want to focus on his comments about crypto's value and utility which many have overlooked.

It's been years and years we've been hearing over and over that from influential and popular investment figures that Bitcoin and crypto is general is overvalued and has no utility. This was also a major point in the interview. The interviewer specifically asks "Hasn't the technology diverged from the value of the digital coins?". He also says "There is utility out of nowhere with the digital coin, I don't see the utility in the underlying technology".

In response, the CEO strongly disagreed with these statements saying, "I actually believe the technology is fantastic" and goes on to explain and allude to even though we are not there yet, when adopted in the future these technologies have huge utility and value in heavily reducing the cost involved in invested by cutting out middlemen and custodians in investing and business.

All this sourced from Larry Fink's Fox Business interview