The head of the world's largest asset manager has provided a somewhat bullish take on the world's first cryptocurrency.
Speaking to former Bank of England Governor Mark Carney at the Council on Foreign Relations on Tuesday, Fink said the nascent cryptocurrency asset class can possibly "evolve" into a global market asset, CNBC said.
According to the report, Fink also said having a digital currency has a real impact on the U.S. dollar, making it less relevant on a global scale for international holders of dollar-based assets. He also raised the question: "Does it change the need for the dollar as a reserve currency?"
BlackRock is the world's largest asset manager with over $7.4 trillion dollars in assets under management, according to the manager's website.
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