Blackrock Has No Intention To Offer Crypto ETFs Before Government Endorsement
Cointelegraph, citing a CNBC article, reported that the CEO of investment management corporation BlackRock, Larry Fink, does not foresee the company offering crypto ETFs until they acquire 'legitimacy.'
According to Cointelegraph, Fink opined that it is imperative for crypto ETFs to be endorsed by a government before gaining 'legitimacy'.
Fink added: “I do see one day where we could have electronic trading for a currency that could be a store of wealth. But right now the world doesn’t need a store of wealth unless you need that store of wealth for things you should not be doing.”
For Steemians who wish to secure regular upvotes for your article contributions to Steemit, you may wish to join Steem Basic Income.
For more information, please refer to below link:
This might be considered an unpopular opinion among some, but, in my opinion, BlackRock has way too much power...
Also,
Sounds like one of the most Globalist things that's ever been said...
I believe Fink was referring to illicit activities.