BlackRock CEO Larry Fink reveals sovereign wealth funds are buying Bitcoin for the long term
Crypto Briefing
BlackRock CEO Larry Fink stated sovereign wealth funds are incrementally buying Bitcoin for long-term strategic positions.Summary
BlackRock CEO Larry Fink disclosed during a panel discussion at The New York Times DealBook Summit that global sovereign wealth funds are strategically accumulating Bitcoin. These funds are not trading for short-term profits but are establishing multi-year positions, buying incrementally at various price points, including levels like $120, $100, and $80. Fink emphasized that this represents a long-term holding strategy, not a short-term trade. This trend signifies a growing acceptance of Bitcoin as a potential strategic reserve asset by sovereign entities seeking stability and diversification against traditional financial uncertainties, aligning with BlackRock's own increasing involvement in crypto products.
(Source：Crypto Briefing)