This Friday, Larry Fink Becomes Interim Co-Chair of World Economic Forum board
On August 15, 2025, the crypto world took notice as Larry Fink, CEO of BlackRock, was named interim co-chair of the world Economic Forum (WEF) board.He is stepping into this role alongside André Hoffmann, the vice chairman of Roche.
In their first remarks following the appointment, Fink and Hoffmann highlighted the importance of creating a more inclusive economic landscape. Their vision centers around fostering greater collaboration between governments and businesses to achieve common policy goals. “Our aim is to not just create wealth but distribute it equitably,” they stated together.
Fink’s journey in the financial sector is notably intriguing.Initially skeptical about cryptocurrencies, he has now emerged as a staunch supporter of Bitcoin. During his tenure at BlackRock, the world’s largest asset manager, Fink has actively pushed for increased Wall Street involvement in crypto. He once provocatively suggested that Bitcoin might dethrone the US dollar as the global currency.
However, the WEF is no stranger to controversy.Founded by Klaus Schwab, it has frequently enough been criticized for facilitating regulatory capture; essentially allowing companies to influence policy. Thes accusations and various conspiracy theories, such as the “Great Reset,” have shadowed the institution. Schwab himself faced allegations of nepotism and financial misconduct. Despite these claims, WEF stated on August 15 that they found no proof of wrongdoing.
The appointment of fink brings fresh perspectives to the forum, particularly in shaping future policies around cryptocurrencies.
