BlackRock CEO: Sovereign funds are buying Bitcoin at low prices
#BlackRock CEO Larry Fink revealed that some unnamed sovereign funds are buying Bitcoin, and when the price of Bitcoin dropped from its peak of $126,000, they bought more.
Larry Fink stated that these funds are buying in a gradual manner, and are increasing their holdings when the price of Bitcoin falls to the $80,000 range, aiming to establish long-term positions. He mentioned during the DealBook event while speaking alongside Coinbase CEO Brian Armstrong that if the United States does not accelerate its investments in digitization and tokenization, it risks falling behind other countries. Furthermore, Larry Fink predicts that cryptocurrency-driven tokenization will see tremendous growth in the coming years.
