The Breakdown Fink, Armstrong, and the DealBook Turning Point
24 snips
Dec 5, 2025 Larry Fink and Brian Armstrong highlight that crypto is now a vital part of the financial conversation. Fink shares his transformation from skeptic to advocate for Bitcoin as a hedge against fiscal fear. Armstrong discusses the rapid development of stablecoins by banks, signaling a major industry shift. Japan is gearing up for a significant crypto tax cut, paving the way for increased adoption. New data reveals Bitcoin's growing role in global finance, settling trillions and solidifying its foundational status.
AI Snips
Chapters
Transcript
Episode notes
Crypto Hits A Mainstream Stage
- Larry Fink and Brian Armstrong used DealBook to signal crypto's arrival in mainstream finance.
- Their joint interview framed tokenization, stablecoins, and Bitcoin as sustained structural shifts, not fads.
Fink's Public Evolution
- Andrew Ross Sorkin began with skepticism, citing Fink's prior Bitcoin comments.
- Fink explained he evolved his view after studying the industry during COVID and admitting he was wrong.
Bitcoin As A Hedge Against Debasement
- Fink framed Bitcoin as an asset of fear and a hedge against debasement from deficits.
- He said sovereign funds and long-only investors are increasingly holding Bitcoin for multi-year purposes.