It’s been just reported that trillion-dollar asset management firm BlackRock is currently searching for a VP to help the company assess the fundamental value of cryptos.
BlackRock Financial Management which is the largest asset manager in the world – more than $7.8 trillion worth of assets under management said in a new job listing that the successful candidate would function as the company’s blockchain lead in New York.
According to the Daily Hodl‘s notes, the aspiring BlackRock Financial Management VP should have four years of exposure in the following areas.
“Conducting financial due diligence on prospective investment opportunities; conducting valuation analysis on companies across multiple sectors and business models; presenting technological insights and strategic considerations to wide audiences including clients, external partners and internal business units;” according to the notes.
The same announcement said: “structuring financial transactions using a combination of equity, debt, and derivative securities; conducting commercial, operational and financial risk analysis; and evaluating the impact of industry and market structures on commercial opportunities and competitive dynamics.”
Bitcoin is on its way to becoming a global asset
This new job post comes right after the BlackRock CEO Larry Fink said that although Bitcoin is still a relatively small asset, it is well on its way to becoming a global asset.
“Bitcoin has caught the attention and the imagination of many people. Many people are fascinated by it. Many are excited about it. But it’s still untested; it’s still a pretty small market relative to other markets. We see these big, giant movements every day… it’s a thin market,” he said.
He continued and explained: “So, can it evolve into a global market? Possibly. Certainly by evidence of the imaginations of so many who want to learn about it or are interested in it, to me, is a very telling sign.”
At the moment of writing this article, Bitcoin is trading in the red, and the king coin is priced at $26,821.04.