BlockChain Hitting the Investment Hot List
BlackRock is evaluating cryptocurrencies, CEO Fink says FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson Reposted by Scott Shields Katy, Scott Shields Houston, www.morganshields.com July 16, 2018 By Trevor Hunnicutt NEW YORK (Reuters) – BlackRock Inc <BLK.N> Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group to look at blockchain technology and cryptocurrencies such as bitcoin, but cautioned he does not see massive investor demand. “We are a big student of blockchain,” Fink said in an interview with Reuters. Adding that he doesn’t see “huge demand for cryptocurrencies,” the company has a working group studying it. Any move to invest in cryptocurrencies or to use blockchain by BlackRock would mark a pivot for the company and a major institutional endorsement for the insurgent tech