BlackRock's head calls it necessary to make Bitcoin transactions cheaper

BlackRock's head calls it necessary to make Bitcoin transactions cheaper

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Author: Robert Strickland (crypto-journalist)
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BlackRock's head calls it necessary to make Bitcoin transactions cheaper
The head of BlackRock Larry Fink said that regulators should reduce the cost of transactions in bitcoin
BTC may become an alternative international asset, a kind of "digitalized gold," says Larry Fink

BlackRock CEO Larry Fink called bitcoin an "international asset" and said that transactions in BTC should be made cheaper, Bloomberg writes.

"Bitcoin transactions currently cost a lot of money," Fink stressed in an interview with Fox Business.

He also expressed hope that regulators would help "democratize crypto.

In addition, Fink believes that BTC can become an alternative international financial asset, something like "digitalized gold. Although previously he was skeptical about this idea because of the frequent use of cryptocurrencies by criminals in illegal transactions.

In June 2023, BlackRock filed paperwork for an exchange-traded fund (ETF) that invests directly in bitcoin, which prompted many similar applications from competing issuers and a rise in bitcoin prices above $30,000.

It is proposed that the new fund will be spot, meaning that when its shares are purchased, there will be an actual purchase of coins on the market.

 

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