Larry Fink: "Cryptocurrencies have not become part of our clients' long-term investment strategies" – Bits Media

The CEO of the asset management company BlackRock said, that their clients do not use cryptocurrencies for long-term and retirement savings.

During
interview on CNBC Larry Fink (Larry Fink) stressed, that BlackRock customers have shown little interest in Cryptoactures. The fact, what is working with the company, Mostly, Large investors, for which the safety of investments is more important, than their profitability. BlackRock clients plan to come in decades for decades, And cryptocurrencies have not yet fit into this thinking.

CEO BlackRock believes, that financially competent people consider long -term investments:

“If we could increase financial literacy, help people move away from short -term speculation in the stock market, focus on converting your portfolio into a long -term investment portfolio. Then the issue of pension savings would become much easier. However, the new generation is more striving for speculation ".

In May of this year, Larry Fink told, that BlackRock is interested in bitcoin and investments in it, but is not yet ready for investment. Now the company is studying the cryptocurrency market, since it is extremely volatile for large investors.