BlackRock CEO Larry Fink Seeing ‘Very Little’ Demand for Crypto Lately

BlackRock CEO Larry Fink said in a CNBC interview on Wednesday that he is not seeing much demand for digital assets.

  • Talking on CNBC’s “Squawk Box” before a call to discuss BlackRock’s second-quarter earnings, Fink said he has been asked about crypto and bitcoin in the past, but not in the last two weeks.
  • “We see very little demand for those [crypto] types of things,” Fink said. 
  • He had previously said that bitcoin has “caught the attention” of many people and that the cryptocurrency market was still relatively small compared with others.
  • “If we could improve financial literacy. If we could help more people focus on not just speculating of markets and the ups and downs but translating that into investing in the long run,” Fink said in December, commenting on meme stocks.
  • BlackRock said Wednesday it has about $10 trillion of assets under management.

Read more: BlackRock’s Fink Says Bitcoin Can Possibly ‘Evolve’ Into Global Asset