저자: LarryFink · 외국인
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BlackRock CEO 래리 핑크는 자신이 비트코인 회의론자에서 신봉자로 입장을 바꿨다고 밝혔으며, 비트코인을 대안 자산군이자 공급이 제한된 디지털 금으로 보고 있다고 말했다. 지정학적 불안이 커질 때 가격이 오를 수 있다고도 덧붙였다. 그는 BlackRock이 출시한 iShares 비트코인 ETF를 언급하며, ETF를 금융의 엔진이라고 부르고 모든 자산의 토큰화를 다음 단계로 꼽았다. 토큰화가 투명성을 높이고, 결제 속도를 빠르게 하며, 부패를 줄이는 효과가 있다고 주장했다. 또한 신탁(트러스트) 상품의 보수는 약 120bp인 반면 ETF는 20~30bp라는 수수료 차이를 짚었고, SEC가 현물 상품 전환(in-kind transfer)을 허용하지 않은 점도 언급했다. 이더리움 ETF에 대한 관심도 함께 밝혔다. 다만 향후 1~3개월 가격 방향에 대한 명시적인 전망은 제시되지 않았다.
다듬은 글
ETF a Bitcoin imagine what we could do with all financial instruments ETFs are going to be the new engine for fixed inome and boy did that get a lot of ridicule by many people in the business community and today the fixed takum markets are totally uh imbued by ETFs at Black Rock when we bought bgi we had 290 billion of ETF today we have 3.5 trillion we launched the I shares bit coin ETF sde seller Larry think the CEO of Black Rock the largest asset manager in the world he will share his views on bitcoin Adas a new type of investment that could revolutionize the financial markets what are Bitcoin ESS how do they work and why are they so important for the future of money you don't want to miss this exclusive interview with one of the most influential figures in the industry so grab your coffee and join us as we keep chatting with Larry Frink for the first three years of thinking about I was a naysayer and about two years ago I I switched and I'm I'm I'm actually you know as I said in the last two years I'm a big believer you know I don't I don't want to compete with our clients so I don't buy single assets I'll buy mutual funds I'll buy single ETFs so I have an opportunity to do that now um but I'm a Believer in it because I do believe um it is an alternative source for wealth holding I don't believe it's ever going to be a currency I believe it's an asset class I think we're going to cre digital currencies we're going to use the technology for it we're going to use the blockch chain I believe you know I believe it goes up as if the world is more frightened if people have fearful of geopolitical risk they're fearful of their own risk um it's no different than when gold represented over thousands of years it is a it is a it is a asset class that that protects you and and unlike gold where we manufacture new gold we're almost at the ceiling of the of the amount of bit that' be created what we are trying to do is offer a instrument uh that can that can store wealth I think if he gets that even close to that high gold will represent even a bigger value and and and and let's be clear if you think it's digital gold there's going to be a reference point between gold and Bitcoin um but let me get back to what what happened yesterday um you know a part of our announcement that you mentioned the in the opening that we we we changed the architecture of our firm right and much of it has to do do with how we think about I shares and ETFs um when we bought bgi very few people believed in that acquisition and we we were pretty mistreated for a couple years and that and we because we said uh active and passive can coexist uh obviously we were right on that too we said the fixed in Market will be transformed through ETFs that has now happened yesterday we had the first day of Bitcoin ETFs and our reorganization is is taking that ethos so what has happened over the last 10 years we believe ETS is the technology that's going to transform every asset class we believe everything will be done through ETFs uh and so we believe this is just the beginning Rick is now doing more a ETFs in his Active Space now there's a great example of of how we are taking what a a a very active investor and now and putting that into an ETF platform let me be clear I think ETFs are step one in the technological revolution in the financial markets step two is going to be the tokenization of every financial asset and to me this is where we believe it's going so we're looking at uh Bitcoin we're looking at ETFs in the same manner these are technological changes that can allow us to move forward we're trying to create um an opportunity for new customers can invest in in in this financial instrument um over the long run do we believe just think about the fee differential between an ETF and some of these trusts right these trusts are like 120 basis points and these are 20 to 30 basis points in the ETF wrapper and this is the big issue with the SEC this is something what you may want to ask Gary the industry asked to transfer in kind into a ETF and that was denied by the SEC that's a fine so that there would be no tax ramifications that was denied they wanted to really just create from scratch cash only which we all respect the sec's uh reasoning start adding up the fees and adding up the fees uh people are going to start thinking about um redeeming and then ultimately going into an ETF I see value in having an ethereum ETF as I said these are just start stepping stones towards tokenization and I really do believe this is where we're going to be going we have the technology to tokenize today if you want to talk about think about this if you had a tokenized security and you have a tokenized identity you Andrew the moment you buy or sell an instrument it's known it's on a general ledger that is all created together um you want to talk about issues around money laundry and all that this eliminates all corruption by having a tokenized system Larry fing tells us why he likes Bitcoin and ETS he says he used to doubt Bitcoin but now he thinks it is a good way to save money he says Bitcoin is like digital gold but there is only a limited amount of it he says he wants to help people save money in Bitcoin with ATS he also says ETFs are changing how we invest in everything he says he bought a company that was good at making ETFs and it was a smart move he says he launched the first Bitcoin ETF yesterday and it was very popular he says he has other ETFs that are managed by experts he says ETFs are the first step to making everything digital he says the next step is tokenization which means making digital tokens for any asset he says he is looking at both Bitcoin and ETS to do that he says tokenization can make the financial system better and safer he says he wants to have an ETF for ethereum another cryptocurrency that supports tokenization he says this is the future of Finance why don't we bought bgi in 2009 we were ridiculed by most of the financial Community saying you cannot marry the culture of an active investor that what who we were and a and a passive culture and we said why our clients use both products our job is to be agnostic to our clients to work with our clients and to provide a whole portfolio solution but over time more and more clients started to think about how do I want to get an exposure do I want an exposure in this area or this product and I can do that through actively investing in ETFs in 2012 we said ETFs are going to be the new engine for fixed income and boy did that get a lot of ridicule by many people in the business community and today the fixed income markets are totally uh imbued by ETFs and so at Black Rock when we bought bgi we had $290 billion of ETF today we have 3.5 trillion um is and and then this week alone just yesterday we launched the ishares Bitcoin ETF and so I would say to you if we could ETF a Bitcoin imagine what we could do with all financial instruments and so what we announced in our architectural change iers was this uh was this business division in itself and we thought that's too in in you know too exclusive we needed to include the ethos the philosophy the spirituality of what iar can provide in everything we do at Black Rock because we believe we're we're just halfway there in the ETF Revolution that everything is going to be ETF and we needed to ensure both active products passive products um digital products are going to be used through the vehicle of ETFs at the same time in this architectural change we're elevated the whole concept that we are going to be curating more and more of our performance-based products too so it's a it's a very large architectural change a lot of people have asked me iar is the most successful division within Black Rock look what it did why are you doing this now and we believe it's so important to be anticipating the next move I would also say on on the beginnings of um of a ETF Bitcoin We Believe ETFs are a technology no different than Bitcoin was a technology for for asset storage We Believe The Next Step going forward will be the tokenization of financial assets and that means every stock every Bond will have its own basically qip it'll be on one general ledger every investor you and I will have our own number our own identification we can rid ourselves of all issues around illicit activities about bonds and stocks and digital by having a a a a a tokenization but the most importantly thing we can customize strategies through tokenization that is fits every individual we would have instantaneous settlement think about all the costs of settling bonds and stocks but if you had a tokenization everything would be immediate because it's just a line item and so we believe this is a technological transformation for financial assets I believe you want to talk about voting and voting choice and all the things if if we know every moment who is the owner of that stock and it's now time to vote every individual who has ownership is identified and they can vote their own sharff it's just it's a wrapper it's not the end of it but I would say the dominant form of bre products going forward will be in the form of of ETFs Larry thinkink tells us how he changed his company Black Rock to focus more on ETFs and how they can make everything digital he says say he bought a company bgi that was good at making ETFs and many people laughed at him he says he proved them right because etss are now very popular and efficient he says he launched the first Bitcoin ETF yesterday and it was very successful he says he changed his company structure to use ETS for everything both active and passive products he says he wants to be ready for the next move he also says the next move is tokenization which means making digital tokens for every asset he saids says this can make the financial system more transparent secure and efficient he says if you have a tokenized security and a tokenized identity you can buy or sell anything instantly and everyone can see it on a shared Ledger called the blockchain he says this can eliminate corruption and money laundering he says you can also customize your strategies and settle your trades immediately he says this is the future of finance
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