Category: Bitcoin
We Are Not Depression Proof
Old age. Terrifying. Really scary. An invariably lethal disease. Not just sometimes. Invariably. And I used to think it was…
‘Assets of fear’: BlackRock CEO Larry Fink FLIPS on crypto
BlackRock’s CEO has seemingly changed his mind about the future of Bitcoin and cryptocurrency.
Investor Larry Fink famously criticized Bitcoin in 2017 when he called it an “index of money laundering” that simply showed how much demand there was in the world to launder funds.
‘I do see more and more of a future of having more and more financial assets being digitized.’
Now, during a sit-down with the CEO of hedge fund Citadel, Ken Griffin, Fink said he sees cryptocurrency wallets being used to make stock moves en masse in the near future.
Fink revealed during the conference that if he could “tokenize” all ETFs and provide them in a digital wallet, users would be able to seamlessly make trades.
“You could seamlessly, without fees, … buy bond or stocks, and I believe that is going to be the future,” Fink said. “I do believe more transactions [are] going to be done digitally with authentication of ownership.”
He added, “I do see more and more of a future of having more and more financial assets being digitized, sitting in a singularity of a blockchain and going from cash to stocks to bonds, back and forth, doing that seamlessly, and I do believe that is going to happen sooner, not later.”
During the same event, Fink described Bitcoin as an investment made out of fear, but not in the way one might think.
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Fink described Bitcoin and gold along similar lines, calling them “assets of fear” that investors scoop up when they are “frightened of the debasement of your currency.”
“You own it if you have financial insecurities, or you own it if you have physical insecurities and worries. So, that’s one of the foundational issues of my journey in understanding crypto more.”
Fink has confused audiences over the years with his remarks on digital currency, both in his evolving stance on the asset and, of course, his — along with other major institutions — apparent inability to recognize that it is in fact being used as he prophesies it will be used in the future.
Fink’s pontifications about the future of crypto, fiat, ETFs, and stocks/bonds being traded seamlessly on apps are already a reality. Countless companies allow direct deposit of paychecks to digital wallets, the same as any bank, while also providing the ability to trade stocks and cryptocurrency in-house.
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French President Emmanuel Macron, left, and Larry Fink. Photographer: Michael Nagle/Bloomberg via Getty Images
It is unclear if BlackRock’s plan was to slow-walk its investors into cryptocurrency cautiously, but its CEO has certainly made gradual strides in the direction of acceptance, hallmarked by his most recent comments.
In 2024, Fink seemed to turn a new leaf when he admitted he was wrong about Bitcoin and told CNBC he thought it had become a legitimate asset.
“It is a legitimate financial instrument that allows you to maybe have uncorrelated type of returns. I believe it is an instrument that you invest in when you’re more frightened, though. It is an instrument when you believe countries are debasing their currency by excess deficits, and some countries are,” Fink explained.
Moreover, the CEO even referred to Bitcoin as “digital gold,” which is now in step with his recent description of the asset.
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Bitcoin and the return of honest money
Bitcoin. Cryptocurrency. Blockchain. A decade ago, most Americans hadn’t heard those words. Even now, many don’t fully grasp what they mean. Some still dismiss Bitcoin as an internet fad — yet with one coin worth roughly $119,000, the joke is wearing thin.
The real story isn’t the price. It’s what Bitcoin represents: freedom, trust, and control over your own money. Those are conservative principles — and conservatives should embrace them.
Honest money for a dishonest age
In Denton County, Texans understand independence. We work hard, save what we can, and expect our money to keep its value. But Washington keeps printing dollars to solve political problems, and every new round of “stimulus” steals a little more of what Americans earn. That’s a big reason groceries, gas, and housing cost so much more today.
At its heart, Bitcoin isn’t about tech or speculation. It’s about trust — and keeping financial power in the hands of citizens instead of bureaucrats and corporations.
Bitcoin doesn’t play that game. Its supply is capped at 21 million coins forever. No bureaucrat or central banker can “stimulate” the economy by diluting your savings. It’s steady, transparent, and immune to the inflationary habits of modern government.
That’s not radical — it’s a return to honest value. Early Texans traded cattle, crops, and tools, and a handshake sealed the deal. Bitcoin is a digital version of that same trust: value backed by proof of work, not political decree.
Freedom in your own hands
Bitcoin is, at its core, a conservative idea. It rewards effort, limits government control, and protects personal liberty. You can own every rifle and round of ammunition in the world, but if the government freezes your bank account, you’re stuck. With Bitcoin, you control your money. Nobody can seize it.
The network itself is decentralized — millions of computers around the globe share the ledger. No single government, company, or regulator can shut it down. If one node fails, the others keep the system alive. It’s built to endure.
Lessons for a digital age
That model should guide how we build other technologies. Take artificial intelligence. Meta just poured $14 billion into one massive data center — a single point of failure. One cyberattack or natural disaster could wipe it out. America should follow Bitcoin’s example: distribute computing power, build smaller centers across the country, and bring skilled jobs to local communities like ours.
RELATED: ‘Lipstick on a pig’: How printing cash is destroying America — and crypto could be next
dem10 via iStock/Getty Images
Bitcoin also saves money. Send $1,000 through a credit card processor and you’ll lose $40 in fees. Send it through Bitcoin and it costs about four cents. That difference matters to small businesses, churches, and local campaigns. Political donations in Bitcoin should be legal nationwide — transparent, secure, and independent of the big banks that profit from the current system.
A return to honest value
At its heart, Bitcoin isn’t about tech or speculation. It’s about trust — and keeping financial power in the hands of citizens instead of bureaucrats and corporations.
Here in Denton County, we understand that kind of freedom. It’s the same spirit that settled Texas: work hard, hold what’s yours, and keep government out of your pockets.
Bitcoin isn’t the future of money. It’s the return of honest money — and conservatives should lead the charge to make it America’s next great success story.
