Topic: Asset tokenization supported by Larry Fink - big opportunity for Avalanche? (Read 520 times)

I think Larry Fink's statement does not mean he is encouraging or supporting the other existing altcoins. He is not picking his next choices after Bitcoin and Ethereum. What he is saying is that the offering of cryptocurrencies as ETF in old popular platforms is a kind of revolution in the world of finance which has technologies that might help tokenize traditional financial products including those existing securities that are currently being traded.

Larry Fink is really a big fish, he's a whale!

Yes, when reading all text details, it's not misleading because people always need to read a text.
My topic title didn't say what Larry Fink supports, it only says from what he supports, it might be a big opportunity for Avalanche.
But I have changed it to "Asset tokenization supported by Larry Fink - big opportunity for Avalanche?"

Yes, I believe as well a maximum cap of 720 million coins will help Avalanche to get more acceptance as a store of value, like Bitcoin is.
People will need stores of value against inflation.


I believe tech will get more important once really many big companies try to select a coin. When really many big companies try to select a coin, it will be very difficult for shit coins and bad technology to deliever a good result. It is when many experts will study which coins are good and technologocally good coins will be approved by experts.

But you are right, tech right now is really redundant right now and even big shit coins are getting bought.

I understand and I know him bro.

What I am saying is that with project choices, you have not to go with what they say at all times. You need to make your own research and even if it's Larry, Elon, Saylor or whoever they are. Don't always agree with what they say without doing your own thing.

And that is to make a research, I'm just giving an example although AVAX is one of the top coins out there. I am happy to see him go with Bitcoin and does his company's purchase but that doesn't mean I rely my decision on these personalities.

Well, it's a different with Bitcoin so whether they are there or none, it's still going to thrive.

Uh yeah, I agree but your decision matters too if you'll be dependent on his opinion or with the others. But that's fine, if that's the way how people invest nowadays.

Then the title of your thread is misleading, and those who don't read the post entirely will be lead to misunderstanding. But I agree AVAX seems a promising altcoin, because it's being supported by some big players of the industry. It has a maximum cap of 720 million coins, and it's currently at 35$ price range, against a 135$ ATH in 2021. It looks realistic to assume AVAX can reach its previous ATH in the next bull run, as the distance isn't that long, what would proportinate investors potential profit around x4 over their investments made at this moment.

Also, news are 1 year old already, but seem worth to be mentioned, as Avalanche is partnered with Amazon:
Amazon Web Services Taps Avalanche to Help Bring Blockchain Technology to Enterprises, Governments

It's definitely a coin to keep an eye on. I really don't agree it's so innovative, unique or original, as some people might try to promote it, but I believe there is enough speculation and wealthy investors around it that it might worth for little fishes in the sea like us to take some advantage of the scenario to make profit through this coin, although it's advisable to still put only a minor percentage of your total portfolio in altcoins.

I agree with the AVAX thesis only because AVAX still has room for growth compared to Solana. Solana is almost 4x the marketcap of AVAX so that's something to kerp in mind. Now that the biggest players are eyeing AVAX, I might get myself an AVAX bag just incase Larry Fink decides to pursue a AVAX ETF instead of Solana ETF.

I haven't been a fan of Avax but hey, I want to make money. The tech is mostly redundant at this point.

Bro, do you know who Larry Fink is?
Larry Fink is CEO of Black Rock.

You can do your research here:

https://en.wikipedia.org/wiki/Larry_Fink
https://en.wikipedia.org/wiki/BlackRock

The ten trillion dollar man: how Larry Fink became king of Wall Street
Facts to Know About BlackRock, the World's Largest Asset Manager

His opinion matters, he's managing tons of money.

Don't get into these personalities just because you've seen or read some articles that say they're supporting it. Every personality can be bullish with whatever they say.

They are supporters or just want to try out their influence in the market if they're going to be heard by its communities. But if this is the basis of someone's investing style, it's better that you learn from yourself than rely on them.

I mean it's fine to go with the crowd if you think that you'll be profitable but don't go to them til' the end because you might regret if you'd be die hard just because of them.

Larry Fink is real OG.
He's managing tons of money and his customers trust his decisions.
Larry Fink has been in business at Black Rock for a very long time, because he founded it in 1988, not like Elon Musk, who's always acting like he's a wise and innovative person but Elon Musk has always inherited all his company achivements. And Elon Musk even damaged Twitter.
In opposite Larry Fink has made a big achievement and his Black Rock company is a big success story.

It's not directly supported by Larry Fink but Blockchain revolution and tokenization of assets is, where Avalanche is having good partnerships already, like JP Morgan or Deloitte:
JPMorgan tests tokenized portfolios with Avalanche blockchain tech
Deloitte Partners With Ava Labs To Leverage Avalanche Blockchain

It's all about tokenization of real world assets and Larry Fink's article is a very good read, where Larry Fink sees really big benefits of tokenization and it will be a huge boost for all coins who support it.


It's a big opportunity for Avalanche because of tokenization of real world assets. And Avalanche is a leading cryptocurrency being able to have a good chance in a crypto-based "technological revolution", as predicted by Larry Fink because Avalanche’s goal is clearly to tokenize real world assets and Avalanche is really having a leading technology to do so.
We will see many cases, where tokenization will be a true, groundbreaking innovation and be a hot topic for various opportunities.
Larry Fink has not endorsed Avalanche directly.

If you realy want to kno why it's so bullish, you need to do more research, I'll give you 2 links here of already existing partnerships and more is about to come because if you also read Larry Fink's prediction it will be a true revolution many people don't know yet about.
And Larry Fink is a really big player, he knows what to talk about.

You are right, Avalanche is a real and unique L1 Blockchain.
Many people call Avalanche a token but Avalanche is a coin.

So.. I'm missing the part where this should be a "big opportunity" for Avalanche because of support from Larry Fink?

Manage your bullishness if everything that's bullish for crypto is automatically bullish for your personal pick.

Avalanche isn't even an L2. It's an alternative L1.

Avalanche is indeed a good L2 coin but I don't find any direct implication on the post or the articles how Larry Fink supported it.
What I do liked about his assessment is comparison of bitcoin with gold. Both of them are verifiable and universally accepted and limited in quantity. Though the exact quantity of gold can't be verified, we have an exact number for bitcoin. And with more and more people holding bitcoin as such or through ETFs, the liquid supply of it would decrease resulting in a higher price.

Avalanche coin has a big chance to be a famous coin. Just imagine it will come close to Ethereum, it will mean massive gains for Avalanche coin.
Best advantage of Avalanche it is really based, has a good technology and a professional, educational development team, like Sir Emin. Avalanche has bases in Turkey, Italy and New York and Sir Emin is professor of Cornell University.
For many government projects, research is utterly important and Avalanche has a good chance to score points.

After Bitcoin ETF, Larry Fink, CEO of "BlackRock", a famous company, has spoken out very positively in favor of crypto and even labeled it as a crypto-based "technological revolution".
Here, for example, is an article in Forbes magazine and it’s a very famous magazine where only elite topics are discussed: https://www.forbes.com/sites/digital-assets/2024/01/14/this-is-just-the-beginning--blackrock-ceo-reveals-massive-crypto-plan-after-etf-sparks-wild-bitcoin-and-ethereum-price-swings/


In it, Larry Fink speaks very directly and he’s tremendously bullish:

"We believe this is just the beginning. ETFs are the first step in the technological revolution in the financial markets. The second step will be the tokenization of every financial asset. We have the technology today to tokenize. If you had a tokenized security... The moment you buy or sell an instrument, it is known to be on a ledger that is created all together. That eliminates any corruption because there's a tokenized system."
Larry Fink told CNBC.

In such a scenario, we can hope for unimaginably bullish times ahead for cryptocurrencies, but only for coins who will prevail in such a technological revolution. We don’t need to hide any fact to possibly see such cryptocurrencies will multiply in value in such a bullish scenario.

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Actually, Solana is leading in attention, but experts consider Solana's technology to be a big, flawed shame and Solana only seems to be so popular actually due to enormous hype and unreasonable speculation.
Polkadot, a cryptocurrency currently leading Web3 because it’s also supported, has recently failed to score points against competitors despite its supremacy and support of Web3, because experts complaining primarily about a lack of innovation.
Instead, Ethereum, Solana and Avalanche made strong gains.
Considering what centralized shame Solana Coin really is and a lack of innovation in Polkadot, we have to ask ourself how to diversify our portfolio.

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IOTA would have had a chance to shine here, but development is progressing very sluggishly, to put it positively.

It needs an innovative digital infrastructure who is innovative but meanwhile not hot air, such as Solana. Ethereum is always leading but Ethereum has a big problem of wagering all old "ballast", what's already on its blockchain.


I see Avalanche from famous professor Emin Gün Sirer and his coin’s innovative subnets approach as an interesting project, what has already met a great approval from companies and experts. For example, Omer Demirel, a Web3 and Blockchain researcher from ETH Zurich is very bulish about Avalanche's technology.

And also US bank JP Morgan, which wants to use Avalanche to tokenize funds and manage portfolios: JP Morgan's Onyx Taps Avalanche for Tokenized Funds, AVAX Jumps 14%.

Not only JP Morgan, but the Bank of England is also planning its digital cryptocurrency on Avalanche: https://www.forbes.com/sites/jasonbrett/2020/04/18/emin-gn-sirer-as-digital-financier--united-kingdoms-open-central-bank-digital-currency-project/



As a conclusion, I see Avalanche as leading cryptocurrency being able to have a good chance in a crypto-based "technological revolution", as predicted by Larry Fink because Avalanche’s goal is clearly to tokenize real world assets and Avalanche is really having a leading technology to do so.

We will see many cases, where tokenization will be a true, groundbreaking innovation and be a hot topic for various opportunities.

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It will remain exciting to see which project will secure a leading position in tokenization.

Which fundamentals do you see as important for any next bullish steps and which cryptocurrency do you believe is best positioned and a buy for our bag?