Larry Fink Talks About Digital Assets
It seems that BlackRock CEO Larry Fink isn’t losing any sleep when it comes to digital asset investments. In his annual shareholder letter, he stated that digital assets have now left the “shadow” of their traditional brethren and are now a force to be reckoned with.
Digital Assets Showing Rapid Improvement
Larry Fink noted that digital assets like cryptocurrencies and other digital investments are advancing at a rapid pace in terms of user adoption, liquidity, and security. He even suggested that “well-developed” digital assets are a viable part of investors’ portfolios, as they often have comparable returns with other traditional investments.
A Serious Investment, For Serious Investors
Despite efforts from financial regulatory bodies around the world, digital assets remain markedly more volatile than their more established counterparts, so Fink had a salient message for would-be investors: “Digital assets indeed come with highly elevated risks. We advise caution in investing in digital assets, and only those with a high risk tolerance and the financial resources required to bear the risks should consider doing so.”
So, Should You Invest in Digital Assets?
If you’re an experienced investor and you feel comfortable taking on a high level of risk, then digital assets may be worth considering. Otherwise, Fink emphasizes that digital assets should remain mostly on the sidelines.
On the other hand, if you’re feeling a bit more adventurous, here’s the surefire way to make some money: Just make sure Larry Fink knows about your investment, and you’ll be rolling in the dough in no time!
Alright, not really. But remember to always do your due diligence and make sure you know what you’re getting into before investing in any asset.
