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BlackRock CEO Larry Fink nominated as interim co-chair of World Economic Forum board<\/p>\n
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Bitcoin (BTC) may soon be getting a seat at one of the most influential finance forums in the world. On Friday, August 15, Larry Fink, CEO of BlackRock, was appointed<\/a> interim co-chair of the World Economic Forum board. Fink will share the role with Andr\u00e9 Hoffmann, vice chairman of Swiss pharmaceutical giant Roche.<\/p>\n Following their appointments, Fink and Hoffmann emphasized the need for a more inclusive global economy and a broader distribution of prosperity. They also expressed interest in greater collaboration with governments on shared policy goals.<\/p>\n \u201cWe remain optimistic. The Forum has an opportunity to help drive international collaboration in a way that not only generates prosperity but distributes it more broadly,\u201d Larry Fink and Andr\u00e9 Hoffmann. <\/p>\n<\/blockquote>\n As CEO of the world\u2019s largest asset manager, Fink has played a major role in accelerating crypto adoption on Wall Street. Once a Bitcoin skeptic, he has become one of its most vocal supporters. In March, Fink even stated that the U.S. dollar could lose its dominance to Bitcoin.<\/p>\n Founded by Klaus Schwab, a professor of business policy, the World Economic Forum rose to prominence by convening global business and political leaders at its annual Davos conference. However, the WEF has also faced criticism.<\/p>\n The forum has been accused of facilitating regulatory capture<\/a> and helping companies use money to change policy. Moreover, the Davos gathering is a popular target in many conspiracy theories, including the Great Reset<\/a>, a term coined by Schwab. <\/p>\n\n
WEF target of criticism, conspiracy theories<\/h2>\n