BlackRock Group Executives: We are watching cryptocurrencies closely

nRunaway Comment: Encrypted currency is still attracting the attention of many traditional financial institutions. Recently, an executive at the BlackRith Group, the world’s largest investment manager, made a comment on cryptocurrency in an interview. According to her, although the group is not yet ready to enter the cryptocurrency market, its development is being closely monitored. In fact, many voices from the traditional financial industry show that no matter whether these financial giants are willing to actively adopt cryptocurrencies, they all think that such new things can not be ignored.n
nTranslation: Inan
Isabelle Mateos Y Lago, chief multi-asset strategist at BlackRock, the world’s largest investment manager, said the company is “closely watching” cryptocurrency as “an interesting development.”n
In an interview with Bloomberg TV on January 29, the executive said that although cryptocurrencies are not yet “investable assets” for their companies, they are actively monitoring their progress because the cryptocurrency “is clearly fast development of”.n
Although just last week, BlackRock chief executive Larry Fink also attacked cryptocurrencies at the 2018 World Economic Forum, saying it was linked to money laundering. He also hinted at plans for Bitcoin ETFs before.n
The stalemate over the $ 530 million stolen by Japan’s cryptocurrency exchange Coincheck has just ended, but Mateos Y Lago does not think it necessary to completely abandon its cryptocurrency investment.n
She mentioned the demand for Bitcoin by BlackRock customers, noting:n
n”While the black spots in exchanges are frequent, there is still less interest in cryptocurrencies.” She added: “Regulators began to try to keep up with this new development and gradually eliminate all illegal applications, which means that encryption Currency does have merit. “n
nBloomberg TV also posted a tweeter related to the interview on January 29 stating that Mateos Y Lago calls Bitcoin “the current stage” unfit for investment.n
BlackRock’s attitude toward cryptocurrencies is “to get involved, but not now,” in the same vein as Markus Mueller, chief investment officer at Deutsche Bank, who also told Bloomberg that cryptocurrencies are currently “speculators” and that in the next five Within a decade, we should see regulatory developments categorizing them as “existing asset classes.”n
Mateos Y Lago also mentioned the blockchain and ICO investment opportunities,n
n”There are many ways to get involved, but the question is, are they safe?” She also pointed out that it is difficult to set the “fair value” of cryptocurrencies for ordinary investors.n

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