BlackRock CEO Larry Fink, the man who knows more about money than your grandma, popped up on CNBCâs Squawk Box (you know, where the suits talk about boring stuff) to talk about blockchain, regulatory challenges, and the global economy. But wait, thereâs more! Heâs got some wild ideas, like tokenizing bonds and stocks. Can you imagine? Itâs like turning your investments into digital Legos that you can snap together without needing a bankerâs help. âIf we can tokenize bonds and stocks⊠it will democratize investing in ways we canât imagine,â he said, like heâs just solved world peace.
But then he goes all grumpy about proxy voting, calling it âopen warfareâ for CEOs under SEC Chairman Gary Genslerâs watch. âLetâs fix this mess and make it easier on us,â he said, rolling his eyes. And donât even get him started on ESG policies. Heâs like a superhero protecting his clients from activist shareholders and legal challenges. âStay true to yourself and your clients, no matter what the political pressure is,â 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. âIf youâre scared of your money losing value or your country falling apart, Bitcoin is your new best friend,â he said, with a wink. âWe could see $500K, $600K, $700K per Bitcoin. Whoa!â
But donât get too excited, folks. Fink is quick to remind us that Bitcoin is as volatile as a teenagerâs mood swings. âEven in bull markets, Bitcoin goes on wild rides,â he said, with a sigh. So, if youâre thinking about diving in, remember: itâs more of a rollercoaster than a savings account.
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2025-01-23 19:52