Bitcoin's biggest Wall Street supporter takes the wheels at the World Economic Forum

BlackRock CEO Larry Fink has been nominated for interim co-chair of the World Economic Forum Committee

Bitcoin (BTC) is ready to sit at one of the world's most influential finance forums. On Friday, August 15th, BlackRock CEO Larry Fink was appointed interim co-chair of the World Economic Forum Committee. Fink shares his role with Andre Hoffman, vice-president of Swiss pharmaceutical giant Roche.

Following their appointments, Fink and Hoffman highlighted the need for a more comprehensive global economy and a broader distribution of prosperity. They also expressed interest in greater cooperation with governments that share policy goals.

“We remain optimistic. The forum has the opportunity to promote international collaboration to not only create prosperity, but also to promote wider distribution,” says Larry Fink and Andre Hoffman.

As CEO of the world's largest asset manager, Fink has played a major role in accelerating crypto adoption on Wall Street. Once a bitcoin skeptic, he has become one of its most vocal supporters. In March, Fink even said the US dollar could lose control over Bitcoin.

Criticism, targets for conspiracy theory

Founded by Klaus Schwab, a professor of business policy, the World Economic Forum became prominent by convening global business and political leaders at the annual Davos Conference. However, WEF is also facing criticism.

The forum has been accused of promoting regulatory capture and helping businesses spend money to change policies. Furthermore, Davos Gathering is a popular target in many conspiracy theories, including The Great Reset, a term coined by Schwab.

Additionally, its founder, Klaus Schwab, was accused of employee nepotism and economic injustice. On August 15, WEF reported that it had found no evidence of fraud.

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