Why BlackRock Went All In on Bitcoin

Back in 2017, Larry Fink, the CEO of BlackRock, the world’s largest asset manager, was critical of cryptocurrency. Now, just seven years later, the former skeptic is helping to take bitcoin mainstream as BlackRock rakes in billions of dollars selling bitcoin in a low-cost ETF. WSJ reporter Vicky Ge Huang tells host Alex Ossola about what BlackRock’s reversal means for the company, investors and crypto writ large. 

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Back in 2017, Larry Fink, the CEO of BlackRock, the world’s largest asset manager, was critical of cryptocurrency. Now, just seven years later, the former skeptic is helping to take bitcoin mainstream as BlackRock rakes in billions of dollars selling bitcoin in a low-cost ETF. WSJ reporter Vicky Ge Huang tells host Alex Ossola about what BlackRock’s reversal means for the company, investors and crypto writ large. 

Learn more about your ad choices. Visit megaphone.fm/adchoices