Donald Trump has aligned himself with yet another active player in the crypto industry. Larry Fink, the founder of BlackRock. You know, the company that holds 310,470 Bitcoins worth $17.48 billion.
Trump has chosen Larry as his pick for US Treasury Secretary. This might sound like an odd match since Larry is something of a leftie, but the two have a history together, and they share a mutual respect that has grown over the years.
Jamie Dimon, the chief executive officer of JPMorgan. Credits: CNBC
Last week, there was rumors that Trump was considering JPMorgan CEO Jamie Dimon, but reports say it’s really Larry who has been Trump’s go-to guy for economic advice. This partnership goes back to when BlackRock managed Trump’s investment portfolio.
Trump once invested in the BlackRock Obsidian Fund. During his presidency, Trump invited a group of CEOs, including Dimon, to the White House. Trump immediately pointed out Larry’s presence though, saying:
“Larry did a great job for me. He managed a lot of my money. I have to tell you, he got me great returns.”
Larry, despite his focus on ESG (Environmental Social Governance) investing, was appointed to Trump’s business advisory council. ESGs don’t really align with Trump’s Republican beliefs even if the presence of JD Vance might soften them.
Larry Fink is the founder and CEO of the world’s largest asset manager. Over the past couple of decades, the man has proven himself to be one of the greatest investors of our time. His latest escape has been crypto. Bitcoin to be precise.
As Cryptopolitan reported before, Larry recently admitted that his earlier views on Bitcoin were wrong. That was around five years ago when he said crypto was a scam backed by nothing. But now, Larry praises Bitcoin.
He thinks it is a legitimate financial instrument that could save economies all over the world. If he becomes Treasury Secretary, we could see a very friendly American government for America for once.
Trump has been going around aligning himself with crypto people. There was the Winklevoss twins, then CEO of Bitcoin Magazine David Bailey, and then the Bitcoin-owning JD Vance.
David Bailey. Credits: Rolling Stone
JD is going to be Vice President and David has been advising Trump on how to incorporate cryptocurrency into his political platform. He told us he suggested Trump issues a crypto-focused executive order on his first day back in office.
