Larry Fink, Blackrock on Bitcoin (Patreon)

BlackRock, the world's largest asset manager, is seeking to make Bitcoin more accessible to investors by filing for an exchange-traded fund (ETF) that would track the cryptocurrency. The move is seen as a major endorsement of Bitcoin by a mainstream financial institution, and it could help to legitimize the cryptocurrency and attract more institutional investors.

In an interview with Fox Business, BlackRock CEO Larry Fink said that he sees Bitcoin as an "international asset" that could "digitize gold." He also said that he was initially skeptical of Bitcoin because it was "heavily used for, let's say, illicit activities." However, he has since changed his view, and he now believes that Bitcoin has the potential to be a "democratizing force."

The filing of the ETF application is a significant step forward for Bitcoin, and it could help to drive the price of the cryptocurrency even higher. However, it is important to note that the SEC has not yet approved the ETF, and there is no guarantee that it will be approved.

If the ETF is approved, it would be a major victory for Bitcoin and could help to usher in a new era of institutional investment in the cryptocurrency.

Key Quotes from Larry

"Bitcoin can represent an alternative, international asset akin to ‘digitizing gold.’"

"It costs a lot of money right now to transact Bitcoin. We hope our regulators look at these filings as a way to democratize crypto."

"We look at this as an opportunity. We work really closely with our regulators." - GARY WORKS FOR HIM!!!

"Initially, I was skeptical because it was heavily used for, let’s say, illicit activities."

"But I’ve come to believe that Bitcoin has the potential to be a democratizing force."