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BlackRock CEO Larry Fink is praising Bitcoin, calling it “digital gold” and bigger than any government. BlackRock is one of the firms to adopt the newly approved Spot Bitcoin ETF for its investors. JUST IN: BlackRock CEO Larry Fink says #Bitcoin is digital gold and bigger than any government. — Watcher.Guru (@WatcherGuru) January 12, 2024 Speaking to Fox Business’ Charles Gasparino, Fink highlights how the Bitcoin ETF is an alternative to the diminishing value of currencies. “If you’re fearful of your government, or worrying your government is devaluing the currency, then you could see this as a a great potential long-term store of value,” Fink says. He adds “it’s like digital gold.” With the ETFs being a ledger of the growing price of Bitcoin and being cross-border, these Spot Bitcoin ETFs are valuable investments. This coincides with the months of hype and efforts to push the SEC towards approving these products.  ...

John Reed Stark, a former investigator with the U.S. Securities and Exchange Commission (SEC), has blasted the pending approval of spot Bitcoin exchange-traded funds (ETFs), arguing vehemently against the inherent value of cryptocurrencies. In a lengthy Jan. 7 post on social media, Stark painted a grim picture of Bitcoin (BTC) and cryptocurrencies in general, suggesting their only proven utility lies in criminal activities. “To me, the stark reality is that the approval of a Bitcoin Spot ETF is sadly, tragically and catastrophically… another fee-suck… Ponzi scheme… masquerade,” Stark says. See the full statement below. A Bitcoin Spot ETF: Say it Ain’t So Gary . . . For crypto: There's no inherent value. There's no cash flow. There's no yield. There’s no employees. There’s no management. There’s no balance sheet. There’s no product. There’s no service. There’s no history of operations. There’s… pic.twitter.com/vsrg8DBZqW — John Reed S...