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BlackRock CEO Larry Fink Sees Crypto Rally As “Flight to Quality” Amid Geopolitical Instability

BlackRock CEO Larry Fink believes that the recent crypto rally is not based on false speculation, but rather a "flight to quality" due to real economic factors and geopolitical crises. Fink drew parallels between cryptocurrencies and traditional havens such as US Treasuries and gold, which are known for their stability during periods of instability. Fink has also expressed optimism about asset tokenization, stating that it could revolutionize finance. Recently, BlackRock minted tokenized fund shares on JPMorgan's new platform.

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