Recently, BlackRock CEO Larry Fink made a significant turnaround at The New York Times DealBook Summit, admitting that his earlier view of Bitcoin $BTC as a "money laundering demand indicator" was a serious misjudgment. He stated that Bitcoin is now a "fear asset" that hedges against financial uncertainty, geopolitical risks, and currency devaluation, and has become an "investment portfolio insurance" comparable to gold.

This change in stance has long been accompanied by business developments, with its iShares Bitcoin Trust being the world's top Bitcoin ETF, holding 775,703 Bitcoins as of December 2. Even though Bitcoin recently fell from $126,000 to $92,000, Fink and Coinbase CEO Brian Armstrong remain optimistic, believing that the industry will not experience another "zero panic."

With the U.S. SEC approving spot ETFs and stablecoin legislation being enacted, crypto assets are moving out of the gray area. This shift in attitude from the giants undoubtedly adds crucial support for the integration of crypto assets into mainstream finance #加密市场观察 .