Larry Fink Thinks Bitcoin Will Be Worth More Than Your House! đŸ˜±

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BlackRock CEO Larry Fink, the man who knows more about money than your grandma, popped up on CNBC’s Squawk Box (you know, where the suits talk about boring stuff) to talk about blockchain, regulatory challenges, and the global economy. But wait, there’s more! He’s got some wild ideas, like tokenizing bonds and stocks. Can you imagine? It’s like turning your investments into digital Legos that you can snap together without needing a banker’s help. “If we can tokenize bonds and stocks
 it will democratize investing in ways we can’t imagine,” he said, like he’s just solved world peace.

But then he goes all grumpy about proxy voting, calling it “open warfare” for CEOs under SEC Chairman Gary Gensler’s watch. “Let’s fix this mess and make it easier on us,” he said, rolling his eyes. And don’t even get him started on ESG policies. He’s like a superhero protecting his clients from activist shareholders and legal challenges. “Stay true to yourself and your clients, no matter what the political pressure is,” he advised, while secretly plotting to take over the world.

And guess what? BlackRock just raised $641 billion, mostly from U.S. clients. So, they must be doing something right. Or wrong, depending on your perspective.

Bitcoin to $700,000? Hold My Wallet!

Earlier at Davos, Fink dropped a bombshell: Bitcoin could hit $700,000 if sovereign wealth funds start putting 2% to 5% of their portfolios into it. “If you’re scared of your money losing value or your country falling apart, Bitcoin is your new best friend,” he said, with a wink. “We could see $500K, $600K, $700K per Bitcoin. Whoa!”

But don’t get too excited, folks. Fink is quick to remind us that Bitcoin is as volatile as a teenager’s mood swings. “Even in bull markets, Bitcoin goes on wild rides,” he said, with a sigh. So, if you’re thinking about diving in, remember: it’s more of a rollercoaster than a savings account.

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2025-01-23 19:52