Markets

BlackRock CEO Larry Fink compares bitcoin to digital gold as ETF applications at SEC stack up

BlackRock Chairman and CEO Larry Fink has never been outright dismissive of bitcoin, but he sure sounds more enthusiastic now that his firm, and others, are seeking regulatory approval for a spot bitcoin exchange-traded fund.

“I was skeptical because the early users were — it was heavily used for, let’s say, illicit activities,” said Fink in an interview on FOX Business Network that aired Wednesday afternoon.

“I…

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