Infotech

BlackRock embarks on bitcoin’s crest path



Posted on Jan 5, 2021 at 7:00 amUpdated Jan 5, 2021, 8:04 AM

BlackRock will soon have a blockchain Mister or Madam. The news, taken from a job posting on the website of the world’s leading asset manager, has spread like wildfire in recent days to followers of the technology behind cryptocurrency. It is also timely, as bitcoin, the main digital currency, crossed the $ 30,000 mark this weekend for the first time in its history, even reaching more than $ 34,000 for a few hours. An ephemeral record: virtual currency lost up to 17% of its value Monday in the day.

In any case, BlackRock’s interest in the subject feeds the “bitcoin mania”. The price of the biggest crypto jumped 50% last month. At the beginning of December, Larry Fink the CEO of BlackRock, had broken with his usual caution by declaring that“Have a digital currency [rendait] the less relevant dollar ”. In the past, he had distinguished himself by his very harsh remarks on bitcoin, which he called“Money laundering index”. While continuing to alert on the character “Speculative” cryptocurrency, its radical change in tone seems to legitimize their possible role as an alternative asset class to central bank currencies.

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