# Bitcoin is Legit, BlackRock's Larry Fink Says 💰

**URL:** <https://onehack.st/t/bitcoin-is-legit-blackrocks-larry-fink-says/287082>\
**Category:** News & Articles\
**Tags:** trading\
**Created:** [July 16, 2024, 7:51pm UTC](https://onehack.st/t/bitcoin-is-legit-blackrocks-larry-fink-says/287082 "2024-07-16T19:51:41Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [July 16, 2024, 7:51pm UTC](https://onehack.st/t/bitcoin-is-legit-blackrocks-larry-fink-says/287082/1 "2024-07-16T19:51:41Z")

</div>

**Summary:**

1. **Change of Heart** : BlackRock’s co-founder and CEO Larry Fink, once skeptical of cryptocurrencies, now firmly believes in the legitimacy of Bitcoin and its place in the average investor’s portfolio.

2. **Legitimacy and Misuses** : Fink acknowledges that while Bitcoin may have misuses, it remains a legitimate financial instrument offering uncorrelated returns.

3. **Hedge Against Currency Devaluation** : Fink highlights the U.S. budget deficit as a reason to invest in crypto, suggesting it can help hedge against devaluation of currencies.

[Read more on Quartz](https://qz.com)