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flag BlackRock's CEO now sees Bitcoin as a gold-like store of value, citing institutional adoption and new regulations.

flag BlackRock CEO Larry Fink has reversed his past skepticism, stating Bitcoin serves a similar role to gold as a store of value and diversification tool in portfolios. flag His remarks follow BlackRock’s 2024 launch of spot Bitcoin ETFs after SEC approval. flag Fink cautioned against large allocations to crypto but acknowledged its growing legitimacy amid institutional adoption and regulatory progress, including the bipartisan GENIUS Act signed into law, which establishes frameworks for digital assets tied to stable currencies.

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