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[BlackRock CEO Larry Fink Emphasizes BTC As An Independent Asset Class And Is Optimistic About The Prospects Of Digital Assets] During BlackRock's Third-quarter Earnings Call, CEO Larry Fink Expressed Strong Support For BTC And Digital Assets. Fink Emphasized That BTC Is An Independent Asset Class And Compared It To Mortgages And High-yield Bonds Worth $11 Trillion. Fink Said: "We Believe That BTC Is An Asset Class In Itself And It Is A Substitute For Other Commodities Such As Gold." BlackRock Is Actively Engaging With Global Institutions On Digital Asset Allocation To Discuss How To View Digital Assets And Their Allocation. Fink Believes That The Use Of Digital Assets Will Become More And More Popular Around The World And Compares Its Development Trajectory To The Early Mortgage And High-yield Markets. Fink Believes That The Adoption Of Digital Assets Is The Result Of Liquidity And Transparency, Not A Regulatory Issue. He Also Emphasized The Potential Of Blockchain Technology And Artificial Intelligence In The Digital Asset Market, Believing That These Technologies Will Enhance Data Analysis Capabilities And Expand Market Applicability. In Addition To BTC, Fink Also Mentioned Ethereum, Pointing Out That It Has Significant Growth Capabilities. Fink Distinguished Between Digital Assets Such As BTC And Central Bank Digital Currencies (CBDCs), Pointing Out The Success Of Various Countries In Digital Currencies. Fink Was Dismissive Of The Potential Impact Of The U.S. Presidential Election On BTC And Crypto Asset Markets, Arguing That Other Market Forces Are The Primary Drivers Of BTC Adoption
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