The CEO of Blackrock, the world’s largest asset manager, says that most crypto companies will not be around following the collapse of crypto exchange FTX. However, the executive is still optimistic about blockchain technology.Larry Fink, the CEO of Blackrock Inc. , the world’s largest asset management firm, talked about cryptocurrency and the collapsed exchange FTX during an interview at the New York Times Dealbook Summit last week.
Blackrock had $7.96 trillion in assets under management as of the third quarter. The asset management firm invested $24 million in Sam Bankman-Fried ’s FTX through a billionaire fund it manages, the CEO explained. Regarding the FTX meltdown, Fink said: “We’re going to have to wait to see how this all plays out … I mean, right now we can make all the judgment calls and it looks like there were misbehaviors of major consequences.” The Blackrock chief executive believes that most crypto companies we see today will not be around, stating:Despite the problems surrounding FTX, Fink said blockchain technology is relevant for the future.
I believe the next generation for markets and next generation for securities will be tokenization of securities. Crypto exchange FTX filed for Chapter 11 bankruptcy on Nov. 11 and Bankman-Fried stepped down as the CEO. The company owes an estimated one million creditors billions of dollars. Other global asset managers that invested in FTX included the Singapore government’s
Source: News Formal (newsformal.com)
Is this true? cz_binance binance If so then funds on Binance not safe either, they will be frozen if government takes action, right? Binance cryptocurrency FTXbankruptcy BinanceBankruptcy
Is this new? Oh folks, old tales every season. But what will survive?
Bullish!
gives me these vibes...
That's why some of them have already left the market or collapsed.
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We're in a crypto winter with both web2 and web3 companies laying off alot of people. The ones that make it through it will be STRONGER
Defund BlackRock 🪳's 👈✊🪖✊Buy Bitcoin
XRP
I
That makes no sense if he loves blockchain technology
🙄
Legend
Legend
In other words, his plan is to take over the industry
Perhaps he is right… but streakk definitely is here for good! Our amazing community will stay afloat no matter what!
Good luck
Sure
Sure
Investing with Jason Graystone has brought me and my family so much joy, I've received much profits from my little funds i invested and I'm grateful and i advice everyone to invest with him protraderjason
Interesting 🤔 here’s a suggestion; Maybe if your friends didn’t shill FTX, SOL, & LUNA but instead, learned a thing or two about Cardano less people would get hurt. But you won’t, & the reason you won’t is simple, Cardano scares the VC’s since it’s for the people by the people.
🤣
Good luck
Good luck
Legend
Sure
Sure
I believe the next generation for markets and next generation for securities will be tokenization of securities. Agree?
Neither non-crypto...
Wallet y dex
Legend
He is for CDBC
Most asset management companies will not be around in a few years time.
You need to use the crypt as much as possible while there is such an opportunity. I like using the 1inch features the most, especially on the occasion of black friday. When buying Banxa and MoonPay cryptocurrencies for fiat, it will be possible not to pay a commission
Legend
Good luck
Good luck
Sure
Yeah!
Legend
another old timer who has trouble seeing the future
Legend
Sure
Why doesn’t BlackRock guy mention how many banks have closed down and focus on which crypto companies are leading innovation ripple bitcoin ethereum coinbase Binance
All the centralized exchanges will collapse soon. Most are backed by their native tokens and it will follow FTX. Download SAITAPRO and invest in a DeFi ecosystem. saitapro saitama defi crypto
Sure
Good luck
Legend
Legend
Legend
As he said this while looking in the mirror.
333Crypto Pointing out the obvious is not what makes one a genius. It's what's not so obvious.
Sure
Legend
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Legend
Legend
Good luck
The big dog on the block is threatening everyone already.
Good luck
Sure
Good luck
333Crypto
Legend
Good luck
Legend
Sure
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