PANews|Dec 04, 2025 13:15
[BlackRock CEO: Some Sovereign Wealth Funds Bought Bitcoin During the Recent Crypto Market Decline]
According to Forbes, BlackRock CEO Larry Fink stated that during the recent decline in Bitcoin prices, some sovereign wealth funds have been purchasing Bitcoin. Many sovereign wealth funds are observing the market, and as Bitcoin's price dropped from its peak of $126,000, they have been gradually buying Bitcoin. Larry Fink mentioned that these funds are making incremental purchases and increased their holdings when Bitcoin's price fell to the $80,000 range, aiming to establish long-term positions. Larry Fink also noted that if the United States does not accelerate its investments in digitization and tokenization, it risks falling behind other countries. Furthermore, Larry Fink predicted that tokenization driven by cryptocurrencies will experience 'tremendous growth' in the coming years.
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