BlackRock CEO Larry Fink (left), and JPMorgan CEO Jamie Dimon. Shannon Stapleton/Reuters/Reuters
Larry Fink, CEO of BlackRock, stated Wednesday that he is likely to agree with Jamie Dimon's view about bitcoin's worthlessness.
Fink was interviewed by CNBC on the day that JPMorgan's chief stated that he wasn't on board for bitcoin.
Fink stated that he sees great opportunities for consumers with a digitized currency.
BlackRock CEO Larry Fink stated Wednesday that he is likely to agree with JPMorgan CEO Jamie Dimon who believes bitcoin has no value. However, the CEO of the largest asset manager in the world sees value in the idea for a digital currency and blockchain.
Fink stated that "I'm probably most on the Jamie Dimon Camp," in a CNBC interview. He was responding to a question about Dimon's Monday comment that bitcoin is "worthless" and that he doesn't believe the hype surrounding the world’s most-traded cryptocurrency.
"I don't know much about bitcoin or where it will go, so I cannot tell you if it will be $80,000 or zero. Fink said that he believes there is a significant role for a digital currency. He also said that it will help consumers around the world. Bitcoin traded around $56,360 on Wednesday, a 0.3% increase from its previous close. It recently reclaimed the $1 trillion valuation mark.
His bank does business with clients who want to trade the most traded cryptocurrency in the world, despite Dimon's bitcoin doubts.
Fink responded to a question on whether he had changed his views in relation to offering crypto products to BlackRock investors.
"I see huge opportunities in a digitized crypto-blockchain-related currency and that's where I think it's going and that's going to create some big winners and some big losers," he said.
According to a July 31 filing with the Securities and Exchange Commission, the BlackRock Global Allocation Fund earned $369,137 from Bitcoin futures.
CNBC's Rick Reider, chief investment officer for global fixed income at BlackRock, stated that the company had "started to play with cryptocurrencies" in February.
