TechFlow, December 4 — According to Forbes, BlackRock CEO Larry Fink revealed that several sovereign wealth funds are increasing their holdings during Bitcoin's price decline. Fink stated, "There are many sovereign wealth funds watching," and "gradually buying" as Bitcoin's price retreated from its peak of $126,000. He confirmed these funds are "buying more" in the $80,000 range to build long-term positions.
Recently, sovereign wealth funds from Abu Dhabi and Luxembourg have disclosed purchases of shares in BlackRock's IBIT Bitcoin fund. Fink warned during an event with Coinbase CEO Brian Armstrong that if the U.S. does not move faster on digitization and tokenization, other countries will surpass it.
Add to Favorites
Share to Social Media
