From Critic to Leader: Larry Fink's Transformation on Bitcoin

ChainSauceMaster · 2026-01-13T10:35:49+00:00

Larry Fink, CEO of BlackRock, transformed from a Bitcoin critic to managing the largest Bitcoin ETF globally. This shift highlights a broader reexamination of cryptocurrencies by traditional financial leaders, marking a significant corporate strategy change.

ChainSauceMaster

2026-01-13 10:35:49

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The most surprising turn in the crypto industry could be that of BlackRock’s CEO, Larry Fink. Just eight years ago, this influential figure in the financial sector described Bitcoin as a simple “money laundering index.” However, today BlackRock manages the largest Bitcoin ETF worldwide under his leadership, demonstrating a radical shift in stance.

From Detractor to Manager of the Largest Bitcoin ETF

Larry Fink’s trajectory reflects how traditional financial leaders have had to reexamine their positions on cryptocurrencies. For years, the executive maintained a critical stance towards Bitcoin. Nevertheless, his perspectives began to evolve significantly between 2021 and 2022, after engaging in in-depth conversations with crypto ecosystem specialists who helped him better understand the technology and its potential applications.

Public Recognition at DealBook 2025

During his speech at the DealBook 2025 Summit, held on December 4, Fink not only admitted his change of opinion but presented it as a logical evolution based on facts and analysis. The executive highlighted that he now envisions a substantial future for Bitcoin, completely moving away from the criticisms he expressed years ago. This statement marks an important milestone, as it comes from one of the most influential figures in the global financial sector.

BlackRock as a Symbol of Change

BlackRock’s position as the manager of the most important Bitcoin ETF globally serves as a living testament to this transformation. Fink specifically used this fact during his presentation to illustrate how his institution has embraced the opportunities presented by Bitcoin, reflecting not only a personal change but a strategic corporate reorientation that supports the growing institutionalization of digital assets.

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