Bitcoin (BTC) Could Revolutionize Finance: BlackRock (BLK) CEO Larry Fink

BlackRock CEO Larry Fink said in a Fox Business interview on Wednesday that bitcoin could revolutionize finance through tokenization of assets and securities. Fink, who previously called bitcoin a tool for "illicit activities," said it could serve as an international alternative to gold as a hedge against inflation and currency devaluation. BlackRock's iShares unit filed for a spot bitcoin exchange-traded fund with the SEC on June 16, and Fink could not say when a decision would come. The article notes bitcoin's price was barely changed, just under $30,500.