BlackRock CEO signals low demand for crypto from long-term investors

BlackRock CEO signals low demand for crypto from long-term investors


BlackRock, an institutional asset manager that has indirect exposure to Bitcoin (BTC), has recorded a major decline in investor demand for cryptocurrency.

The company’s CEO Larry Fink declared Wednesday on CNBC’s Squawk Box that BlackRock has been seeing less crypto-related queries from investors recently, signaling a massive drop in demand for crypto.

Fink noted that specifically long-term and retirement investors now appear to have less interest in crypto, stating:

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“In the past, you’ve asked me about crypto and Bitcoin, again. And in my last two weeks of business travel, not one question has been asked about that. That is just not part of the focus of retirement and long-term investors. We see very little in terms of investor demand.”

Fink’s remarks come amid a continued sideways trading on the cryptocurrency markets, with Bitcoin dropping over 16% over the past 30 days. At the time of writing, Bitcoin is trading at $32,572, slightly up around 0.3% over the past 24 hours. The most-valued

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