BlackRock CEO: Worried about the US government deficit, cryptocurrency is the solution

Larry Fink, CEO of BlackRock, said in an interview with CNBC that his initial doubts about cryptocurrencies such as Bitcoin have been alleviated. After investing time in researching and learning about Bitcoin, he began to believe in cryptocurrencies and believes that they have a place in the portfolios of ordinary investors.

Larry Fink pointed out that political uncertainty in the United States and soaring government debt are major reasons why investors hold Bitcoin, and he stated: "I firmly believe that Bitcoin has an indispensable position in investment portfolios, just like 'digital gold'."