BlackRock CEO Demands Ukraine Is Used To Accelerate Introduction Of Government-Controlled Digital Currency
The CEO of BlackRock thinks the war in Ukraine and the events surrounding it could be used to accelerate the adoption of digital money controlled by central banks.
Along with Vanguard and State Street, Blackrock is considered one of the “Big Three” index fund managers that dominate corporate America, and ultimately the world.
Only TWO Companies, Vanguard and BlackRock, Control the Planet While World’s Richest 1% Own 82% of World’s Wealth.
Now, in a letter to shareholders sent Thursday 24th March, Larry Fink wrote that the adoption of digital money controlled by central banks could prove to be one of the outcomes of the war that are currently by and large under the radar.
According to Fink, whose own company manages $10 trillion worth of assets, countries around the world will be reevaluating what he called their “currency dependencies.”
With the onset of the war, the US and its allies added Russia’s central bank to their list of entities targeted by sanctions, which brought about a surge in transactions on centralized Bitcoin exchanges in both Russia and Ukraine, and in both of their currencies.
The BlackRock CEO’s letter shows that the trend of major financial players starting to take cryptocurrencies seriously continues. Born out of the 2008 financial crisis, this form of money was treated with distrust and even derision for a long time, but now Fink writes that BlackRock’s clients are becoming increasingly interested both in cryptocurrencies, stablecoins included, and in the blockchain tech that underpins them.
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