6 Trillion Dollar Man Says “Tiny” Bitcoin Succeeds Due to Being “Anonymous” and “Cross-Border”

After almost endorsing cryptocurrencies, Blackrock Inc’s Chief described to Reuters how the world’s most popular cryptocurrency “is tiny in the scheme of financial markets. There’s too much focus on bitcoin,” he lamented. “I don’t know why it has so much fascination for the press,” he continued at an annual gathering of financial elites in New York City.

Bitcoin is Cross-Border and Anonymous

Canadian holding company, Woodbridge Company Limited, owns Thomson Reuters. The agency held its annual conference, Reuters Global Investment 2018 Outlook Summit in New York City. Among the esteemed legacy heavies was Blackrock Inc’s Chief Executive, Larry Fink.

On 13 November 2017, Mr. Fink’s tone was somewhat irked at the financial press’ preoccupation with bitcoin. Attention is due to its historic growth in price and valuation, the spin-off markets it created, and the subsequent innovation sweeping the corporate world…

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