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