BlackRock CEO Larry Fink Reveals Sovereign Wealth Funds Bought Bitcoin During Price Drop

BlackRock Chairman and CEO Larry Fink disclosed that sovereign wealth funds from various nations were active buyers of Bitcoin during its recent market decline. This significant institutional move highlights growing confidence in the leading cryptocurrency as a strategic asset class, even amidst volatility. Fink's comments underscore a pivotal shift where major state-owned investment entities are now participating directly in the crypto market. This trend signals deepening institutional adoption and provides a substantial layer of support for Bitcoin's long-term valuation thesis, suggesting that major investors view price dips as accumulation opportunities.