Part 5/12:
The most profound catalyst for change was the COVID-19 pandemic in 2020. Faced with unprecedented money printing by governments worldwide, inflation fears spread. As central banks flooded markets with liquidity, the real value of fiat currencies was eroding. Investors, especially institutional players, scrambled for assets that could serve as a safe haven—leading to renewed interest in Bitcoin, now likened to digital gold.
Prominent financiers like Paul Tudor Jones publicly embraced Bitcoin as a hedge against inflation, further legitimizing its role in mainstream investment portfolios. Fink, observing this shift, began to take notice. By late 2020, he acknowledged that Bitcoin’s appeal was no longer fringe but widespread, hinting that it could soon become a “global asset.”