Remember that Wall Street big shot who called Bitcoin a "criminal tool"? This time, he's had to eat his words.



BlackRock's boss, Larry Fink, publicly admitted he was wrong at the New York Times DealBook Summit a few days ago, right in front of a group of reporters:
"In 2017, I said Bitcoin was for thieves... In hindsight, I was shortsighted."

Wow, that's a U-turn as sharp as a roller coaster brake. 💀

A few years ago, he was adamant that Bitcoin was just a money-laundering tool. And now? The Bitcoin ETF pushed by BlackRock has become the company's "hottest cash cow"—with net inflows topping $52 billion in its first year, leaving all other newly launched ETFs in the past decade in the dust.

The numbers speak for themselves—so directly.

Larry himself admitted:
"Every year I talk to countless clients and government leaders, and naturally, my views evolve."
Translation: the market votes with its money, and I get the message.

But he still threw in some classic old-school advice at the end:
"It's fine to allocate some crypto assets for diversification, but don't bet your entire fortune on it."

Honestly, this is pretty interesting:
The top giants of traditional finance, who once scoffed at crypto, are now embracing it tighter than anyone.
This isn't just the transformation of one person—it's more like a snapshot of the whole institutional world’s changing attitude toward crypto—from cautiously probing the edges to fully entering the game.

Bitcoin is no longer some "niche toy."
When asset management giants are starting to bow their heads, are you still just watching from the sidelines?

Of course, that reminder from the big shot is also true: allocate rationally, don’t get carried away.
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WenMoonvip
· 20h ago
The slap in the face was so satisfying, I feel embarrassed for him, haha. The inflow of 52 billion says it all—no more pretending, cards are on the table.
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ser_we_are_earlyvip
· 20h ago
Haha, Larry really got schooled by the market this time. $52 billion in ETF net inflows can't lie. That's how big institutions operate—they call you trash to your face, then quietly buy in themselves. You can see the institutions' attitude is definitely changing this time; now it's just a matter of when retail investors can catch up.
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On-ChainDivervip
· 20h ago
Haha, Fink's turnaround is textbook-level. The $52 billion net inflow into BTC ETFs is a direct slap in the face to his previous remarks.
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degenonymousvip
· 20h ago
Haha, this guy finally admitted defeat. He was criticizing so fiercely a few years ago, and now he's been slapped in the face by 52 billion.
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