TechFlow News, October 16 — According to DLNews, BlackRock CEO Larry Fink, during the company’s Q3 earnings call, drew a comparison between the development of Bitcoin and the cryptocurrency market and the rise of the mortgage-backed securities (MBS) market in the early 1980s.
Fink stated: “Many years ago, when we started the mortgage market, when the high-yield market emerged, it began very slowly. As we built better analytics and data, market adoption increased and the scale expanded continuously. I genuinely believe we will see similar expansion in these digital asset markets.”
As a young banker at First Boston, Fink played a key role in pioneering the MBS market, which has since grown into an industry worth $11 trillion. He believes that with improved analytical tools, higher-quality data, and greater industry standardization, the cryptocurrency market is poised to follow a similar growth trajectory.
BlackRock’s recently launched Bitcoin ETF has accumulated over $24 billion in net assets, while its Ethereum ETF attracted more than $1 billion in net inflows within its first two months of trading. Fink said the firm will continue developing innovative products to make investing more accessible and cost-effective.
