BlackRock Cofounder and CEO Larry Fink has changed his mind on cryptocurrencies over the years.

"I was a proud skeptic," Fink said Monday on CNBC, "and I studied it, learned about it, and I came away saying, okay, you know, my opinion [for] five years was wrong."

BlackRock’s IBIT has become the largest spot Bitcoin exchange-traded fund by market cap, leading Fink to double down on his statement that bitcoin is like digital gold.

BlackRock also recently hit a major milestone for its digital asset class: The BlackRock USD Institutional Digital Liquidity (BUIDL) fund surpassed $500 million in market value. This makes BUIDL the highest-valued tokenized treasury fund in the world, according to its issuer, Securitize Markets.

“I'm not trying to say there's not misuses like everything else, …