{"id":14570,"date":"2025-10-28T17:36:01","date_gmt":"2025-10-28T17:36:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/blackrock-ceo-says-fear-drives-crypto-market-rally-as-gold-slips-under-4000\/"},"modified":"2025-10-28T17:36:15","modified_gmt":"2025-10-28T17:36:15","slug":"blackrock-ceo-says-fear-drives-crypto-market-rally-as-gold-slips-under-4000","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/blackrock-ceo-says-fear-drives-crypto-market-rally-as-gold-slips-under-4000\/","title":{"rendered":"BlackRock CEO says fear drives crypto market rally as gold slips under $4,000"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Investors are worried about increasing government debt and debasement and are flocking to gold and crypto, says Larry Fink. <\/p>\n<div id=\"cn-block-summary-block_48f9d51b69fdcbe229a250067671746e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BlackRock CEO Larry Fink makes a case for crypto and gold<\/li>\n<li>Investors are increasingly concerned about government debt and currency debasement<\/li>\n<li>Fink\u2019s case contributes to Bitcoin\u2019s \u2018digital gold\u2019 narrative<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin\u2019s credibility as a macro hedge just got a major boost. On Tuesday, October 28, BlackRock CEO Larry Fink put the digital asset in the same category as gold. During a conference in Riyadh, the head of the world\u2019s largest asset manager called both gold and crypto \u201cassets of fear,\u201d amid ongoing macroeconomic uncertainty.  <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOwning crypto assets or gold are assets of fear,\u201d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-28\/blackrock-s-fink-sees-case-for-crypto-gold-as-assets-of-fear\" target=\"_blank\" rel=\"nofollow\">said<\/a> Fink. \u201cYou own these assets because you\u2019re frightened of the debasement of your assets. You\u2019re worried about your financial security. You\u2019re worried about your physical security.\u201d <\/p>\n<\/blockquote>\n<p>Fink\u2019s remarks come amid an ongoing narrative about the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/invezz.com\/news\/2025\/10\/28\/is-the-debasement-trade-over-where-is-gold-headed-next\/\" target=\"_blank\" rel=\"nofollow\">\u201cdebasement trade,\u201d<\/a> centered around the decline of the world\u2019s major currencies, including the dollar. Amid fears of the dollar declining, investors are selling government debt, treasuries, and major currencies. At the same time, they are flocking to precious metals and crypto. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">U.S. depends too much on Treasury sales: BlackRock CEO<\/h2>\n<p>Much of this uncertainty is driven by the U.S., both due to the trade war with China and the ongoing government shutdown. Still, Fink explains that the U.S. remains a preferred investment destination, despite some outflows. However, he sees potential issues if foreign investors start dumping U.S. treasuries. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe still are a nation that needs 30% to 35% of all our Treasury sales going overseas, and, to me, that\u2019s the biggest issue today,\u201d Fink said. \u201cWe\u2019re lucky that people would like to invest in US dollars, invest in the US economy. If that ever changed, it has a multiplier effect because of the dependency on selling dollar-based assets to foreigners,\u201d Larry Fink, BlackRock. <\/p>\n<\/blockquote>\n<p>Despite ongoing macro uncertainty, the gold market is cooling off. Gold is down 6% from record highs, dipping below $4,000 and trading at $3,957.79 per ounce. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investors are worried about increasing government debt and debasement and are flocking to gold and crypto, says Larry Fink. Summary BlackRock CEO Larry Fink makes a case for crypto and&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14570"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14570\/revisions"}],"predecessor-version":[{"id":14571,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14570\/revisions\/14571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3255"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}