BlackRock CEO: Sovereign Funds Are Buying Bitcoin at Low Prices



BlackRock CEO Larry Fink revealed that some unnamed sovereign funds are buying Bitcoin, and as Bitcoin's price dropped from its peak of $126,000, they bought even more.

Larry Fink stated that these funds are gradually buying in, increasing their positions when Bitcoin's price fell to the $80,000 range, aiming to build long-term holdings. Speaking at the DealBook event alongside Coinbase CEO Brian Armstrong, he said that if the United States does not accelerate its investment in digitalization and tokenization, it risks falling behind other countries. In addition, Larry Fink predicted that tokenization driven by cryptocurrencies will see tremendous growth in the coming years.
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