BlackRock CEO Larry Fink Seeing ‘Very Little’ Demand for Crypto Lately

Fink said he has been asked about crypto and bitcoin in the past, but not in the last two weeks.

AccessTimeIconJul 14, 2021 at 12:50 p.m. UTC
Updated Dec 6, 2022 at 7:04 p.m. UTC
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Tanzeel Akhtar is a reporter based in London,UK.

Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

BlackRock CEO Larry Fink said in a CNBC interview on Wednesday that he is not seeing much demand for digital assets.

  • Talking on CNBC's "Squawk Box" before a call to discuss BlackRock's second-quarter earnings, Fink said he has been asked about crypto and bitcoin in the past, but not in the last two weeks.
  • “We see very little demand for those [crypto] types of things,” Fink said.
  • He had previously said that bitcoin has “caught the attention” of many people and that the cryptocurrency market was still relatively small compared with others.
  • "If we could improve financial literacy. If we could help more people focus on not just speculating of markets and the ups and downs but translating that into investing in the long run," Fink said in December, commenting on meme stocks.
  • BlackRock said Wednesday it has about $10 trillion of assets under management.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Tanzeel Akhtar is a reporter based in London,UK.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


CoinDesk - Unknown

Tanzeel Akhtar is a reporter based in London,UK.