Source: Blockchain Knight.

During the third-quarter earnings call at BlackRock, CEO Larry Fink expressed strong support for BTC and digital assets.

Fink not only emphasized that BTC is an independent asset class, but also likened it to historical financial markets, such as the current $11 trillion mortgage and high-yield bond market.

Fink explicitly stated: "We believe that BTC itself is an asset class, serving as an alternative to gold and other commodities."

Fink also revealed that BlackRock is actively engaging with global institutions on digital asset allocation. "We are in conversations with institutions globally, discussing how they should view digital assets and what type of asset allocation should be conducted."

Fink emphasized the inevitability of digital assets becoming a global reality: "I do believe the utilization of digital assets will become increasingly widespread globally."

Fink compared digital assets to early mortgage and high-yield markets, suggesting that the trajectory of digital assets' development and acceptance by the public is similar.

Fink added, "Many years ago, when we started the mortgage market, or when the high-yield market emerged, their start was very slow."

"But through relevant analysis and data, we found that they are being accepted and recognized over time. Similarly, we will also see the continuous expansion of the digital assets market."

Contrary to the common belief that regulation is the main obstacle to the adoption of digital assets, Fink believes that other factors are more critical.

He asserts, "I don't believe it's a matter of more or less regulation; the adoption of digital assets is the result of the impact of liquidity and transparency."

Fink also emphasized the potential of blockchain technology and artificial intelligence in the digital asset market.

"We believe that these blockchain technologies will become very valuable, further enhanced by artificial intelligence, providing better data analysis capabilities in the digital currency market, expanding market applicability."

In addition to BTC, Fink also specifically mentioned ethereum, pointing out its significant growth potential: "I believe the application scope of this investment form will expand, and ethereum, as a blockchain, can see significant growth."

When discussing the digitization of national currencies, Fink distinguished between BTC and other digital assets and central bank digital currencies (CBDCs).

"How each country views its own digital currency is completely different from BTC itself. We have seen India and Brazil achieve great success in the digitization of their national currencies for various reasons."

When it comes to the potential impact of the US presidential election on BTC and the entire crypto asset market, Fink dismisses any significant impact.

He commented, "I am not sure if the president or other candidates will have an impact."

Fink believes that other market forces are the main drivers of BTC adoption.