BlackRock CEO: Investors Flock to Cryptocurrency and Gold Over Concerns of Asset Depreciation
ChainCatcher news, according to Cointelegraph, BlackRock CEO Larry Fink stated that investors are turning to gold and cryptocurrencies because they are concerned that their assets may depreciate amid growing concerns over global financial stability.
Fink said at the Future Investment Initiative (FII) conference held in Saudi Arabia: "Holding crypto assets or gold is an asset driven by fear." He added: "You hold these assets because you are afraid of asset depreciation."
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