Larry Fink recently made amends regarding his former opinions on the future of cryptocurrencies. During The New York Times DealBook Summit 2025 this month, the BlackRock CEO spoke briefly about how his stance on cryptocurrency has changed with time.
Although the main conversation circumvented the fate of cryptocurrencies in contemporary times, what caught much attention was Larry Fink being pro-crypto at the moment. Given his criticisms of cryptocurrency in the past, the panel discussion took a brief detour to learn about the BlackRock CEO’s sudden recognition of the influence of crypto on global markets.
Larry Fink stands corrected, believes in the potential of cryptocurrency now
On December 3, BlackRock CEO Larry Fink was part of a panel discussion with the chief executive of Coinbase, Brain Armstrong, and moderated by Andrew Ross Sorkin, founder and Editor at Large of DealBook. The panel’s main topic was based on the chances of a “crypto winter” settling in the market yet again. And, Larry Fink’s views were enough to quell concerns surrounding the apparent crypto crisis.
During the conversation, moderator Andrew Ross Sorkin recalled Fink’s past opinion on cryptocurrency. Sorkin quoted the BlackRock CEO’s words from 2017 that he had once called cryptocurrency an “index for money laundering.”
To this, Fink added the word “thieves” to further explicate his previous views on the matter. Sorkin resumed his question, pointing out Fink’s possession of the “biggest Bitcoin ETF” at the moment. In fact, as per a CoinDesk report, Bitcoin ETFs occupies a greater bandwidth of BlackRock’s top revenue sources.
When asked why the change of heart, Fink answered, “I have very strong views, but that doesn’t mean I am not wrong.” He also added that there is a need to “test yourself and ask yourself.” Dealing with “thousands of clients a year” and “government leaders,” Fink said that conversations with them has helped evolve his “thought process.” Citing himself, Fink said, “This is a glaring public example of a big shift in my opinions.”
In a 2023 Forbes report, Fink had said, “I believe the next generation for markets, the next generations for securities, will be tokenization of securities.” Perhaps the BlackRock CEO has been able to look beyond the apparent faults in cryptocurrency technology to anticipate a transformative change in finance later.
Related: Jensen Huang Says Elon Musk was NVIDIA’s “First Customer”
Netizens wonder about BlackRock CEO Larry Fink’s change of heart about crypto
Users on social media expressed their curiosity regarding the sudden change in BlackRock CEO Larry Fink’s viewpoint on the vices of cryptocurrency and instead focusing on the virtues of it. User @WatcherGuru posted the corresponding clip from the panel discussion on X on December 3.
Many commentors chose to understand why Fink decided to invest in the future of cryptocurrency. One user remarked that perhaps the BlackRock CEO had an epiphany; that Bitcoin was not a “fringe experiment” but rather a “monetary asset with global demand curves.”
The most interesting part isn’t that Larry Fink changed his mind.
— Anton Maghami (@AntonMaghami) December 3, 2025
It’s why he changed it.
When the largest asset manager on earth realizes Bitcoin is not a fringe experiment but a monetary asset with global demand curves, the narrative flips overnight.
First they dismiss it.…
Another user viewed Fink’s choice to invest in crypto as an example of dynamism within the world of finance. Mentioining the volatile nature of it, the user does highlight the growth in the importance of cryptocurrency with the passage of time.
Larry Fink reversing his stance on crypto shows how fast the financial landscape evolves. 💹
— ulan ayı (@MuratPetroic) December 3, 2025
Even industry leaders can misread innovation—crypto remains volatile but increasingly hard to ignore.
Indeed, the advent of cryptocurrency in the twenty-first century received much enthusiasm as well as significant criticism. Nevertheless, with time, its intrinsic quality and influence over global markets continue to pique the curiosity of industry experts and investors alike.
Also Read: Cadillac Plans To Debut F1 Team Livery in Super Bowl TV Spot 2026
