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Bitcoin lover Larry Fink is Donald Trump’s pick for US Treasury Secretary
President Donald Trump and BlackRock CEO Laurence "Larry" Fink at the White House. Credits: Getty Images
- Donald Trump picked Larry Fink as his choice for US Treasury Secretary.
- The two respect each other, as Larry used to manage Trump’s investments and advise him on economic policies.
- Larry is just one more Bitcoin-lover Trump has brought into his fold after David Bailey and JD Vance.
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.
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.
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.
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Jai Hamid
Jai Hamid has been covering crypto, stock markets, technology, the global economy, and the geopolitical events that affect markets for the past 6 years. She has worked with blockchain-focused publications including AMB Crypto, Coin Edition, and CryptoTale on market analyses, major companies, regulation, and macroeconomic trends. She has attended London School of Journalism and thrice shared crypto market insights on one of Africa’s top TV networks.
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