Fink of BlackRock Sees Bitcoin as ‘Global Market’ Asset

news coming from Shaurya Malwa via Decrypt

Car Gonzalez 🧭 @ThrillerX_

was just thinking.... In the future #Bitcoin will be worth more than BlackRock

November 20th 2020

1 Retweet1 Like

BlackRock, the world’s largest fund manager with $7.2 trillion in assets, caters to family offices, retail investors, fund managers, and pension funds. And while it has yet to dip its toes in the crypto market, some of the firm’s top executives have previously spoken positively about cryptocurrencies.

The upside predictions are not humble either. Just last month, BlackRock CIO Rick Rieder went as far as stating that Bitcoin could replace gold and was “here to stay,” adding the asset showed incredible staying power and was generally well received by millennials, as opposed to the yellow metal.

Larry Fink, CEO of asset management firm BlackRock, said in a speech at the nonprofit body Council of Foreign Relations earlier this week that Bitcoin had “caught the attention and imagination of many people” and was poised to grow as an asset class.

Mentioned during episode. 👇

The Herd is Still Coming in 2021

news coming from Frank Chaparro via The Block

Frank Chaparro @fintechfrank

Bold prediction by Michael Moro, CEO of @GenesisTrading, one of the largest crypto trading firms: Based on the activity he is seeing, he predicts 250 publicly traded companies will allocate a portion of their balance sheet to Bitcoin in the next year.

Frank Chaparro @fintechfrank

Here's the link to the full webinar. As you can tell, we had a lot of fun. https://t.co/xwuMD2lIaY

December 3rd 2020

36 Retweets162 Likes

Lookout 👀Stablecoin Bill entered into Congress

news coming from Jeff Benson via Decrypt, Naomi Brockwell of NBTV

• Three members of Congress have proposed a bill to regulate stablecoins.

• The STABLE Act would hold stablecoin issuers to some of the same standards as banks.

• Some cryptocurrency advocates think it will stifle innovation and further marginalize underbanked communities.

It's the dying days of the 116th Congress, which ends on January 3, 2021. Any bills that haven't become law by then will die with it.

But that's still plenty of time to kick the hornet's nest that is Crypto Twitter!

Today, Congresswoman Rashida Tlaib announced the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, which is co-sponsored by Representative Jesús “Chuy” García and Representative Stephen Lynch.

Jeremy Allaire @jerallaire

1/8 The STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry.

December 2nd 2020

207 Retweets1,104 Likes

Rohan Grey @rohangrey

I'm thrilled to share the announcement of @RashidaTlaib's new "Stablecoin Tethering & Bank Licensing Enforcement (STABLE) Act", (#STABLEAct) cosponsored by @ChuyForCongress & Chair of the House Financial Services Committee's Fintech Task Force, @RepLynch. Tlaib, García and Lynch Introduce Legislation Protecting Consumers from Cryptocurrency-Related Financial ThreatsWASHINGTON—This week, Congresswoman Rashida Tlaib (MI-13), along with Congressmen Jesús “Chuy” García (IL-04) and Chairman of Task Force on Financial Technology Rep. Stephen Lynch (MA-08), introduced the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, which would protect consumers …tlaib.house.gov

December 2nd 2020

96 Retweets349 Likes

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