Despite the creation of a special working group to study the cryptocurrency market CEO of the investment company BlackRock Larry Fink claims that her clients are not interested in this new asset class. He said this in an interview with Bloomberg Television.
“I don’t believe that any of the customers interested in cryptocurrencies. I have not heard from any of them: “I need there to be,” said Fink.
As mentioned earlier ForkLog, BlackRock created a team of experts from different areas of the business will have to analyze the information about the cryptocurrency and the blockchain, and then to decide whether or not to invest in bitcoin futures.
Also specialists will examine the experience of competitors investment giant that has introduced cryptocurrency projects in your business, in order to assess their impact on BlackRock.
However, Larry Fink said that BlackRock is studying cryptocurrency in order to understand how they work, and to determine whether they are “legitimized” as an alternative to cash.
At the same time, the head of BlackRock noted that “enthusiastic” in respect of blockchain technology. According to him, it will help to improve the electronic system of the BlackRock Aladdin risk management, investment portfolio and trading operations.
The statement Flink has already caused the reaction of the cryptocurrency community. So, founder and CEO of the company, The Block Mike wrote on Twitter that Larry Fink was a lie and that he was surprised as he just laughed while his words.
The CEO of @blackrock lying through his teeth today: “I don’t believe any client has sought out crypto exposure.” I mean, that is just an astonishing statement; shocked he didn’t break out laughing after he said it. https://t.co/DLIKaxEAVu
— Mike Dudas (@mdudas) 16 July 2018
Head of Digital Currency Group is Barry Silbert limited to meanwhile one short sentence: “Dear BlackRock, try”, referring to the possible addition of a cryptocurrency on the platform.
Dear @blackrock,
Bring it
— Barry Silbert (@barrysilbert) 16 July 2018
We will remind, earlier in July one of the leading financial companies in South Africa Purple Group announced the addition of bitcoin and Ethereum on its platform GT247.com by giving users the ability to purchase two of its largest in terms of capitalization of cryptocurrencies for Fiat.
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