Larry Fink takes leadership role at WEF
Bitcoin (BTC) may soon gain influence at one of the most powerful finance forums. On August 15, BlackRock CEO Larry Fink was named interim co-chair of the World Economic Forum (WEF) board. He will share the position with André Hoffmann, vice chairman of Roche.
Both Fink and Hoffmann highlighted the importance of a more inclusive global economy and broader prosperity distribution. They stressed closer collaboration with governments to achieve shared policy goals.
From Bitcoin skeptic to advocate
As head of the world’s largest asset manager, Fink has been instrumental in pushing crypto adoption on Wall Street. Once skeptical, he is now a vocal supporter of Bitcoin. In March, he even suggested the U.S. dollar could lose dominance to BTC.
WEF’s controversial reputation
Founded by Klaus Schwab, the WEF became famous for its annual Davos meetings bringing together global leaders. Yet, the forum has long faced criticism for favoring corporate interests and being linked to conspiracy theories like the Great Reset.
Recently, Schwab himself faced accusations of nepotism and financial impropriety. On August 15, the WEF announced that internal investigations found no evidence of misconduct.
