Merely 1 week later on asset manager Blackrock appeared to be preparing to invest in Bitcoin futures, CEO Larry Fink has some mixed messages on crypto.

In an interview with Bloomberg on Wed, Fink referred to Bitcoin (BTC) as a volatile asset inside "a very minor marketplace." The CEO's remarks connected, with fascination over the media coverage of Bitcoin, given that the "asset category is then minor compared to other asset categories."

"[Bitcoin] could be another store of wealth, merely right at present it's still untested," said Fink. "Information technology has huge volatility, moving in v-6% increments with small dollar investments moving information technology."

He added:

"It has not been proven yet on the long-term viability of it. Some form of a digitized currency is going to play a bigger part in the futurity, and it may be Bitcoin. Information technology may exist something else that has developed."

Other executives at the investment manager have made seemingly more bullish remarks. In November 2020, Blackrock chief investment officeholder Rick Rieder said "Bitcoin is hither to stay" and the crypto asset would likely "take the place of gilt to a large extent."

BlackRock has indirect exposure to Bitcoin through its ownership stake in business intelligence firm MicroStrategy. The company fabricated an initial $425 meg investment in the crypto nugget in summer 2020 and has since added thousands more BTC to its holdings.

All the same, Blackrock may be exploring the possibility of getting more direct involved in the crypto infinite. Last Wednesday, a pair of prospectus filings for ii of Blackrock's funds appeared on the website for the United States Securities and Exchange Commission. Both mentioned potentially using Bitcoin derivatives and other assets equally part of its investment scheme, but neither was definitive well-nigh the investment firm's entry into the Bitcoin futures market.

At the time of publication, the cost of Bitcoin is $30,734, having fallen iv% in the last 24 hours.