BlackRock CEO: Some sovereign funds bought bitcoin during the recent bitcoin downturn
BlockBeats News, December 4, BlackRock CEO Larry Fink stated that during the recent bitcoin price decline, some sovereign wealth funds have been purchasing bitcoin. He further added that many sovereign wealth funds are observing the market, and as the price of bitcoin dropped from its peak of $126,000, they are "gradually" buying bitcoin. Larry Fink noted that these funds are buying in a "progressive" manner and increasing their holdings when bitcoin falls to the $80,000 range, aiming to establish long-term positions.
Larry Fink stated 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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