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

Fink said he has been asked about crypto and bitcoin in the past, but not in the last two weeks.

By Tanzeel Akhtar

Updated Feb 10, 2023, 2:48 p.m. Published Jul 14, 2021, 12:50 p.m.

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.

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Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.