BlackRock's Fink: Sovereign Wealth Funds Buying Bitcoin
Update: 2025-12-05
Description
BlackRock CEO Larry Fink reveals sovereign wealth funds, managing money for entire countries, have been buying Bitcoin, even when its price dropped. These long-term investors see Bitcoin as a legitimate asset, building positions for years, not just for short-term trades. Fink, once a Bitcoin skeptic, now supports it, leading BlackRock to launch a successful Bitcoin Trust. He views Bitcoin as a safeguard against government debt and inflation, emphasizing its use as a currency protection tool.
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