BlackRock CEO Larry Fink revealed that some unnamed sovereign funds are buying bitcoin and buying more when the price of bitcoin fell from its peak of $126,000. Larry Fink said these funds are gradually buying and increasing their holdings when the price of bitcoin falls to the $80,000 range, aiming to build long-term positions.
Speaking alongside Coinbase CEO Brian Armstrong at the DealBook event, he said that the U.S. risks falling behind other countries if it does not accelerate its investment in digitization and tokenization. Additionally, Larry Fink predicts that cryptocurrency-driven tokenization will see tremendous growth in the coming years. (Forbes)
BlackRock CEO: Sovereign funds are buying bitcoin at low prices
2025-12-04 12:50:22
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