Larry Fink 🗣️
2017: “Bitcoin is an index of money laundering."
2024: “There is a role for crypto in the same way for gold”
Did the bull market clock just restart? 🧵👇
1/ On 60 Minutes, the most powerful man in global finance was asked about crypto.
His answer shocked Wall Street:
“There is a role for crypto in the same way there is a role for gold. It’s an alternative.”
That line might change everything.
2/ Larry Fink → CEO of BlackRock, the world’s largest asset manager.
$10 TRILLION AUM.
When he speaks, markets move.
And this time, he wasn’t dismissing Bitcoin.
He was endorsing it.
3/ It wasn’t always like this.
2017 → “Bitcoin is an index of money laundering.”
2018 → Admitted blockchain could be useful, but called crypto a speculative frenzy.
Fast-forward to 2025 → Fink calls it an alternative asset like gold.
The flip is complete.
4/ Why does this matter?
Because BlackRock doesn’t talk, they act.
In 2024 they launched the iShares Bitcoin Trust, the first BlackRock spot BTC ETF.
It pulled $1.8 B in inflows within months.
Now they’re building blockchain rails internally.
5/ Fink’s comparison puts crypto in the same bucket as:
Gold - hedge against inflation
Bonds - capital preservation
Crypto - digital alternative
In his words: “An asset for uncertain times.”
6/ Context:
Gold just hit a $27 trillion market cap, its new all-time high this morning.
If Bitcoin even mirrors a fraction of that, upside is massive.
The timing of Fink’s comment couldn’t be more bullish for Q4.
7/ And remember, this comes after a brutal crash.
Markets wiped $19 B days ago.
Fear index spiked.
Then Fink walks on national TV and reframes the entire narrative.
Crypto as stability, not speculation.
8/ He’s not alone either:
Fidelity & JPMorgan → launching crypto products
PayPal & Visa → integrating stablecoins
Institutions → rotating back in post-rate cuts
Crypto is no longer the outsider.
It’s becoming infrastructure.
9/ The irony?
The same man who once dismissed Bitcoin as dirty money…
now markets it as digital gold.
That sound you hear?
Wall Street finally catching up to the cypherpunks.
7,21 mil
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