BlackRock's Shift in Stance on Bitcoin Signals Institutional Entry, Says Cathie Wood

PANews posted on X (formerly Twitter). Cathie Wood recently highlighted in a podcast that the change in attitude by Larry Fink, CEO of BlackRock, the world's largest asset manager, is crucial for institutional entry into the cryptocurrency market. Previously, Larry Fink was a prominent skeptic of Bitcoin on Wall Street. However, his recent discussions about 'tokenization of everything' and the realization of the internet's initial lack of a financial layer have provided a form of 'entry permission' for the institutional market. Wood emphasized that if even Larry Fink of BlackRock has shifted from denying Bitcoin to embracing tokenization, it indicates that institutions should act quickly to avoid missing out.