Bitcoin Cements ‘Legitimate’ Status as Wall Street Struggles Toward a New Consensus
In a watershed moment for the cryptocurrency landscape, BlackRock CEO Larry Fink, a figure synonymous with Wall Street’s traditional power structure, has declared bitcoin a “legitimate financial instrument.” Fink’s public embrace of bitcoin, a stark departure from his previous skepticism, signals a potential shift in the mainstream perception of cryptocurrencies. The weight of Fink’s pronouncements…