Bitcoin News Today: Fink's Bitcoin Bet: A Hedge Against a Fractured World

BlackRock CEO Larry Fink has reiterated his view that Bitcoin functions more as a store of value rather than a traditional currency, comparing it to “digital gold” and a hedge against currency debasement. The statement marks a significant shift in Fink’s perspective on Bitcoin, which he previously dismissed as a tool for illicit activity. His evolving stance reflects a growing recognition of the asset’s real-world utility, particularly in politically unstable regions where Bitcoin provides financial access and security to individuals otherwise excluded from traditional banking systems [1].

Fink highlighted a case in which a woman in Afghanistan used Bitcoin to pay female workers, circumventing restrictions imposed by the Taliban. This practical application, along with the increasing institutional adoption of the asset, has influenced his views. Unlike traditional currencies, Fink emphasized that Bitcoin does not seek to replace fiat money but instead serves as a financial instrument driven by fear—particularly in times of economic uncertainty [1].

BlackRock’s iShares Bitcoin Trust (IBIT), launched in January 2024, has become the second-largest Bitcoin holder globally, with over 781,000 BTC in its treasury. This position places BlackRock ahead of major exchanges such as Coinbase and Binance in Bitcoin holdings, according to data from CryptoQuant [1]. The rapid growth of the ETF has stunned the market, as BlackRock overtook another major holder in just 18 months. Since May 2025, inflows into IBIT have consistently outpaced holdings on major retail platforms [1].

The structure of the ETF plays a key role in this growth. Unlike exchange reserves, which are often recycled for trading, the ETF removes Bitcoin from circulation, effectively creating a supply shock. This mechanism, combined with sustained demand, is seen as a factor reinforcing Bitcoin’s price floor [1].

Fink also identified tokenization and artificial intelligence as the two major trends reshaping the financial landscape. His remarks underscore a broader institutional shift toward recognizing digital assets not only as speculative vehicles but also as tools for diversification and risk management in an increasingly volatile global economy [1].

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[1] BlackRock CEO Larry Fink Calls Bitcoin a "Hedge Against Debasement" as IBIT Crosses 781,000 BTC (https://coinedition.com/blackrock-ceo-larry-fink-calls-bitcoin-a-hedge-against-debasement-as-ibit-crosses-781000-btc/)