BlackRock Cautions Crypto Investors: 'Complete Losses' Possible185.86

Global investment management company BlackRock says it envisions a more pervasive role for cryptocurrencies in the future, and that blockchain has promise but it is not without obstacles. "We see cryptocurrencies potentially becoming more widely used in the future as the market matures," the commentary reads. "The volatility of the cryptocurrencies makes the gyrations in the U.S. equity market during the global financial crisis almost look placid." BlackRock CEO Larry Fink struck a different tone last fall and endorsed the potential of cryptocurrencies, calling himself "a big believer" in their prospects.
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