As central banks ramp up their gold buying, BlackRock CEO Larry Fink referred to crypto and gold as the “assets of fear.”
BlackRock CEO Larry Fink said investors are turning to gold and cryptocurrency out of fear that their assets are losing value amid growing concerns over global financial stability.
“Owning crypto assets or gold are assets of fear,” BlackRock CEO Larry Fink said at the Future Investment Initiative (FII) conference in Saudi Arabia, according to a livestream by DWS News.
“You own these assets because you’re frightened of the debasement of your assets,” Fink said, adding that investors are worried about the financial and physical security of their assets.
