BlackRock's Fink Says Clients Aren’t Looking to Buy Cryptocurrency

The transcript discusses the interest and exploration of blockchain technology and cryptocurrencies. It highlights the lack of current client demand for crypto exposure but acknowledges the potential future interest. The speaker notes that major financial institutions are developing crypto trading desks, indicating market developments. The current stance is to study and understand crypto performance, with a future outlook of considering it as an alternative currency when it becomes more legitimate.

What is the primary focus of the speaker's interest in blockchain technology?

• Developing new cryptocurrencies

• Building a new financial institution

• Exploring its use in the Aladdin universe

• Creating a new trading platform

Which financial institutions are mentioned as exploring cryptocurrency trading?

• JPMorgan and Citibank

• Deutsche Bank and HSBC

• Goldman Sachs and Morgan Stanley

• Bank of America and Wells Fargo

What is the speaker's current stance on client demand for cryptocurrency?

• Clients are investing heavily in blockchain

• There is a high demand from clients

• Clients are not interested at the moment

• Clients are actively trading cryptocurrencies

What is the speaker's approach to understanding cryptocurrencies?

• Investing heavily in them

• Ignoring them completely

• Studying their performance and data

• Promoting them to clients

When does the speaker suggest they might consider cryptocurrencies as an alternative?

• When they outperform traditional currencies

• When they become more legitimized

• When clients demand them

• When they are regulated by the government