BlackRock's Larry Fink: Institutional clients fascinated by crypto but not that interested

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결론: 래리 핑크는 암호화폐에 관심은 있으나 기관 고객의 실제 관심은 낮다고 평가하며, 기관 자금이 몰린다는 내러티브에 선을 긋는다. 암호화폐 관심도: 핑크는 암호화폐를 '흥미롭게 지켜보고 있으며' 훌륭한 자산군이 될 수 있다고 본다. 다만 통화를 대체하는 수단으로 보지는 않으며, 달러 등 각국 통화 기반의 암호화폐가 등장할 것이라고 전망한다. 블랙록의 행보: 블랙록은 암호화폐에 투자하고 있고 이미 수익을 냈으며, 관련 사업을 연구 중이라고 밝혔다. 다만 전 세계 기관의 광범위한 관심이 나타나고 있다고 말하기는 어렵다고 선을 그었다. 고객 관심 현황: 고객들과의 대화에서 암호화폐 논의는 매우 적다. 고객들의 주요 관심사는 기후 리스크, 재정적자, 인플레이션 리스크이며 이것이 암호화폐보다 훨씬 지배적이다. 기관 투자 관점: 주권펀드, 연기금, 퇴직연금, 대형 패밀리오피스의 장기 투자 논의에서 암호화폐는 매우 작은 주제다. 시장 내러티브 비판: 코인베이스 등의 밸류에이션이 기관 자금의 열망에 기대고 있다는 내러티브가 있으나, 핑크는 이와 반대되는 현실을 강조했다. 게임스탑·레딧 사례: 최근 레딧과 게임스탑 사태는 시장의 주요 흐름이었지만 고객들과의 대화 주제는 아니었다. 이는 시장 이벤트와 기관 장기 관심사가 다를 수 있음을 보여준다. 결론적 평가: 암호화폐가 금융시장의 현실적이고 성장하는 요소라는 점은 인정하지만, 장기 기관투자 측면에서는 아직 부차적인 주제다. 비트코인 가격 방향에 대한 구체적 예측이나 목표가는 언급되지 않았다.

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01. guys we're talking about the debt and how much you know what it means to inflation everything else and which of course leads invariably to a conversation we've been having with you now for many years about cryptocurrency and bitcoin you have been uh i think skeptical a bit reluctant to dive completely into the pool uh in part over questions about what regulators will ultimately do uh etc i'm i'm curious whether this coin based ipo or the moment we're now in uh has shifted or changed your views at all about about where all of this is headed well i'm still fascinated about it i'm encouraged by how many people are focusing on it i'm encouraged about the narrative it may become a great asset class and i do believe this could become a great asset class you know cryptocurrency i don't believe it's a substitute for currencies i think we're going to have crypto currencies of dollars cryptocurrencies of other currencies but i don't believe um we should be focused we should think about crypto as a substitute of currency but it could but i am fascinated by it as an asset class um i am still watching i will tell you of our you know our investors worldwide we don't have that much inquiry on it uh we are investing in it rick reader's been on your show talking about things that we are doing in it and we're we're we're studying it we've made money on it but we're i'm not here to tell you that we are seeing broad-based interest by institutions worldwide and and you know i i like to say that most of what we do is a reflection of what we are hearing from our clients so i would clearly tell you worldwide go on andrew what you're saying no no what you're saying though i think is very very important and i just want to put a fine point on it um because please you speak you're speaking to companies all over the world and and you're saying now that you don't believe that companies have a unique interest in this they're not talking they're not saying hey larry uh we're thinking about how we can get exposure for our balance sheet do you have a product can you do something are you thinking about creating a product for them and you're i speak speak directly to that because by the way that that is the narrative it's the narrative around frankly even the valuations of the coinbases of the world in part because there's a view that institutional money is desperate to be part of this and you're saying the opposite well i i'm not we are not having those conversations and maybe they're talking to somebody else so i don't want to suggest that we have perfect information but our broad-based client relationships um have we've had very little inter interconnectivity on the conversation on crypto other than a fascination i can tell you it is you know the amount of conversations we're having on climate risk and how they should navigate portfolios is a major component of the conversation the conversations about our deficits and the conversations we're now having on inflation risk is far more dominant with our clients worldwide than the whole conversation about crypto let's be clear about why you are seeing more interest in crypto cnbc is a you know you are you are commentating about the markets and about today we didn't have any conversations around reddit and gamestop and what does that mean with our clients either and yet it represented a major component of the markets and it was it's fascinating to watch so i do believe there's components in the financial markets about crypto that is real that is growing but in but if you're asking me specifically about long-term investing from sovereign wealth funds from pension funds from retirement services from big family offices the conversation about crypto is a very minor conversation compared to so many other conversations smith here thanks for watching cnbc on youtube