Do you remember that Wall Street big shot who once called Bitcoin $BTC a “money laundering tool”? BlackRock CEO Larry Fink recently delivered a textbook-level reversal at the New York Times DealBook Summit—publicly admitting his earlier judgment was “completely wrong.”

What is he saying now? Bitcoin has become a core asset to hedge against financial turmoil, geopolitical chaos, and fiat currency devaluation. It’s like digital gold in the modern era, an insurance policy in your investment portfolio. Easy to say, but he’s actually putting his money where his mouth is—BlackRock’s iShares Bitcoin Trust holds more than 775,000 BTC, making them a top-tier global BTC ETF player.

Recently, the price plunged from $126,000 to $92,000, and the market was in an uproar. But Fink and Coinbase CEO Brian Armstrong remain calm, both firmly believing the industry will never repeat the “going to zero” fiasco. Where does this confidence come from? Just look at the regulatory environment: the US SEC has approved spot ETFs, the stablecoin bill is moving forward, and the entire industry is quickly moving out of the gray zone.

What does this wave of moves show? When Wall Street’s attitude shifts from skepticism to embrace, the road for crypto assets to enter mainstream finance just keeps getting wider.