BlackRock CEO: Investors are flocking to Crypto Assets and gold due to concerns over asset devaluation.

On October 28, according to Cointelegraph, BlackRock CEO Larry Fink stated that investors are turning to gold and Crypto Assets due to concerns that their assets may depreciate in light of increasing attention on global financial stability. Fink said at the Future Investment Initiative (FII) meeting in Saudi Arabia: “Holding Crypto Assets or gold is an asset born out of fear.” He added: “You hold these assets because you are afraid of asset depreciation.”

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