BlackRock CEO: US President Won't Affect Bitcoin

Bittime - BlackRock CEO Larry Fink provides his latest outlook on Bitcoin. 

According to him, Bitcoin's growth will not be influenced by who will become president of the United States. Why? Read this article to find out!

BlackRock CEO: US President Has No Affect Bitcoin

BlackRock's CEO stated that he was unsure whether two presidential candidates would make a difference. 

So, whoever wins doesn't matter because he believes that whoever becomes president will not affect Bitcoin.

According to Larry Fink, liquidity and transparency is the main factor in driving Bitcoin's growth, not regulation or government policy.  

Read Also: Bitcoin Performance in Q3 Weakened, Still the Best Asset in 2024? 

BlackRock CEO: Bitcoin and the US Property Market

BlackRock's CEO also made another surprising statement, namely that Bitcoin will become as big as the US property market. 

Previously, Larry Fink was one of the harshest critics of Bitcoin. Three years ago, the BlackRock CEO was skeptical of Bitcoin, even supporting the negative views of JPMorgan CEO Jamie Dimon. 

However, now Larry Fink has become one of Bitcoin's biggest supporters. One of them is due to increasingly widespread acceptance from investors and the ability to analyze the market in more depth. 

This is similar to the phenomenon that occurs when the high-yield bond market and mortgage market begin to develop slowly, until they eventually reach a large scale.

BlackRock CEO: Bitcoin ETF Value

Since BlackRock launched the Bitcoin ETF in January 2024, this product has received great attention from investors. This ETF managed to attract billions of dollars in investment in just its first 9 months. 

Larry Fink said that the Bitcoin ETF value had reached $23 billion, an extraordinary achievement for this relatively new investment product. BlackRock also continues to push a very bullish marketing campaign for Bitcoin. 

Analysts from BlackRock even compared Bitcoin with gold, dand praised Bitcoin's performance during the geopolitical crisis. Bitcoin is increasingly considered a resilient asset in uncertain situations, similar to gold.

BlackRock CEO: US Election and Bitcoin

Although the US presidential election is always a big concern for global financial markets, Larry Fink believes that the results of this election will not affect Bitcoin. 

This statement is also in line with the prediction of Standard Chartered, a leading bank in the UK, which projects that Bitcoin will reach $200,000 in 2025, regardless of who becomes US president.

Read Also: Negative Ethereum Trading Sentiment Is Stronger Than Bitcoin 

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