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Pensions focus more on climate, inflation than bitcoin

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BlackRock CEO Larry Fink told CNBC on Thursday that the world’s largest money manager has more discussions with its institutional clients on issues around climate change and inflation than it does on cryptocurrencies.

“Our broad-based client relationships, we’ve had very little interconnectivity on the conversation on crypto other than a fascination,” Fink said in a “Squawk Box” interview.

The BlackRock co-founder and chairman believes crypto can “become a great asset class,” acknowledging his firm made some moves into bitcoin.

“We’re studying it,” Fink said. “We make money on it, but I’m not here to tell you that we’re seeing broad-based interest by institutions worldwide.”

“Maybe they’re…



Source cnbc.com

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