BlackRock CEO Larry Fink just used the DealBook Summit stage to admit he was wrong about Bitcoin — and that’s massive for the whole crypto space.
In 2017 he dismissed BTC as an “index of money laundering.” Today, he calls it an “asset of fear” that people buy to protect themselves from financial instability, currency debasement, and rising global risk.
When the boss of the world’s biggest asset manager goes from skeptic to supporter, it sends a clear message: Bitcoin is no longer just a retail narrative, it’s institutional portfolio insurance.
At the same time, BlackRock’s own Bitcoin ETF has grown into one of the most important BTC vehicles on Wall Street, reinforcing the trend of serious money flowing into crypto rather than out of it.
This kind of endorsement, plus regulatory clarity around ETFs, is exactly how Bitcoin moves from “outsider asset” to mainstream macro hedge.
Do you see this as the real beginning of full‑scale institutional FOMO, or is it already priced in?
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