From Cointelegraph
Isabelle Mateos Y Lago, chief multi-asset strategist at BlackRock, an investment management corporation with $5.7 trln in assets under management, has said that the company is keeping cryptocurrency under “close review” as an “interesting development.”Read more: https://cointelegraph.com/news/worlds-largest-investment-company-interesting-bitcoin-is-under-close-reviewSpeaking to Bloomberg TV Monday, Jan. 29, the senior executive said that although cryptocurrency did not constitute “an investable asset” for the world’s largest money manager at present, it was actively tracking progress as it is “clearly evolving very fast.”
The comments temper those of BlackRock CEO Larry Fink, who last week went on record at the World Economic Forum 2018 to describe the space as an “index of money laundering” and previously implied he had no plans to enter the future Bitcoin ETF arena.
As the dust settles on Japanese exchange Coincheck’s $530mln hack, Mateos Y Lago nevertheless saw little reason to discard cryptocurrency investment entirely.
“The fact that interest has persisted despite these repeated hacks,” she continued, describing customer demand for Bitcoin at BlackRock, “despite regulators waking up and trying to catch up with this new development and gradually weeding out all the illegal uses suggests there really is something to it.”
My bet is that if they have chosen or do choose to buy up crypto we won't hear about it until afterwards. Which makes me think they have probably already evaluated and bought since we are now starting to hear about them thinking of entering the market.
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