BlackRock's Fink: "a hedge against . . . the devaluation of your currency, whatever country you're in"

BlackRock's Fink: "a hedge against . . . the devaluation of your currency, whatever country you're in"

By davidgyoung | Alternative Investing | 10 Jul 2023


The other day new Bitcoin broski Larry Fink added to his firm's recent ETF filings by singing the praises of Bitcoin emphatically on financial media TV.

Fink even tipped you off that your currency might be devalued soon.  Or did he?  Who knows.  He did say explicitly though that Bitcoin is "a hedge against . . . the devaluation of your currency, whatever country you're in".  Hmmm, that almost sounds like a warning and a signal to tip you off about something coming. 

Now - why would Fink be openly discussing "devaluation of your currency" as opposed to discussing loss of purchasing power in a general sense.  A devaluation can insinuate it is controlled and intentional.  It has happened before.

We mentioned before that the end result of this mess will include YCC and QE in some variation.  A sudden deval of a currency can jolt higher NOMINAL levels of GDP.  Crazy talk.

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davidgyoung
davidgyoung Verified Member

BTC since 2013. Investor. Entrepreneur. Always looking to learn and develop.


Alternative Investing
Alternative Investing

This blog will explore ideas, news, and other interesting information related to alternative investing. Though we may discuss general macro finance, investing, economic issues and even more traditional investments like equities, bonds, and RE - the main focus will be on other options such as crowdfunding, crypto, collectibles, and more.

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