$10T asset manager BlackRock went from Crypto is the “index of money laundering” to just “blockchain is good”, not Bitcoin to offering it to their clients. All in under 5 years.

Recently the news broke that the big asset manager BlackRock is going to provide their clients with direct Bitcoin exposure through a partnership with the Crypto company Coinbase. This was seen as a major opportunity to make Crypto more accessible for institutions. And it’s even more impressive as BlackRock basically changed their whole view on crypto in under 5 years.

In 2017 their CEO said that Bitcoin is the “index of money laundering” that is likely right during the big 2018 rally. Now one bear market later in 2021 during our latest bull market BlackRock said that they are “Bullish on the blockchain but not Bitcoin”. Now just a year later in the middle of the bear marhet they partnered with a crypto company to give their clients access to Crypto.

This has been the same roadmap for many asset mangers. First they hated crypto and then they admitted the tech is amazing but not crypto itself and now here they are offering it.