TechFlow, October 28 — According to BitcoinMagazine, BlackRock CEO Larry Fink recently stated that if you believe "countries will continue devaluing their currencies," then you should hold cryptocurrency. The leader of the financial giant managing $13 trillion in assets further explained: "If you think global insecurity will rise, holding crypto assets or gold means holding 'fear assets.' You hold these assets because you fear currency depreciation and are concerned about financial and fiscal security." Fink emphasized that between crypto assets and gold, the market generally views them as effective hedges against currency devaluation and inflation.
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