PANews reported on December 5th that at the DealBook Summit, BlackRock CEO Larry Fink stated that Bitcoin is a "panic asset," bought out of fear of fiat currency devaluation, financial turmoil, and geopolitical crises. He pointed out that Bitcoin is not a traditional "hope asset," but rather favored when market uncertainty increases. Currently, BlackRock's Bitcoin ETF (IBIT) manages approximately $80 billion in assets and holds over 780,000 BTC. He also revealed that sovereign wealth funds are quietly increasing their holdings at high levels . However, Fink also warned that Bitcoin's high volatility makes it susceptible to leveraged funds and unsuitable for short-term trading.PANews reported on December 5th that at the DealBook Summit, BlackRock CEO Larry Fink stated that Bitcoin is a "panic asset," bought out of fear of fiat currency devaluation, financial turmoil, and geopolitical crises. He pointed out that Bitcoin is not a traditional "hope asset," but rather favored when market uncertainty increases. Currently, BlackRock's Bitcoin ETF (IBIT) manages approximately $80 billion in assets and holds over 780,000 BTC. He also revealed that sovereign wealth funds are quietly increasing their holdings at high levels . However, Fink also warned that Bitcoin's high volatility makes it susceptible to leveraged funds and unsuitable for short-term trading.

BlackRock CEO: Bitcoin is a "panic asset" that will be favored when market uncertainty increases.

2025/12/05 14:14

PANews reported on December 5th that at the DealBook Summit, BlackRock CEO Larry Fink stated that Bitcoin is a "panic asset," bought out of fear of fiat currency devaluation, financial turmoil, and geopolitical crises. He pointed out that Bitcoin is not a traditional "hope asset," but rather favored when market uncertainty increases. Currently, BlackRock's Bitcoin ETF (IBIT) manages approximately $80 billion in assets and holds over 780,000 BTC. He also revealed that sovereign wealth funds are quietly increasing their holdings at high levels . However, Fink also warned that Bitcoin's high volatility makes it susceptible to leveraged funds and unsuitable for short-term trading.

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USD/CAD trades heavy ahead of Canada’s labor data – BBH

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The post USD/CAD trades heavy ahead of Canada’s labor data – BBH appeared on BitcoinEthereumNews.com. USD/CAD is under pressure near 1.3940 as markets await Canada’s November labor force survey, with modest job losses expected. The Bank of Canada (BOC) is likely done cutting rates, while upcoming USMCA talks remain a potential downside risk for the Canadian economy, BBH FX analysts report. BOC seen on hold amid subdued hiring outlook “USD/CAD is trading heavy near 1.3940. Canada’s November labor force survey is up next (1:30pm London, 8:30am New York). The economy is expected to lose -2.5k jobs in November after surprising with strong gains of 66.6k and 60.4k in October and September, respectively. The Q3 business outlook survey indicates subdued hiring intentions over the next 12 months.” “So long as labor weakness doesn’t deepen or widen, the Bank of Canada (BOC) is finished cutting. The swaps market implies steady rates at 2.25% over the next twelve months and a 25bps hike to 2.50% in the next two years. USD/CAD needs to sustain a break below its 200-day moving average (1.3913) to gain downside traction.” “The upcoming review of the United States-Mexico-Canada trade agreement (USMCA) is an ongoing source of uncertainty and a downside risk to Canada’s economy. Businesses and consumers may be cautious as they wait for more clarity about the future of USMCA. The first six-year joint review of the USMCA is scheduled for July 1, 2026.” Source: https://www.fxstreet.com/news/usd-cad-trades-heavy-ahead-of-canadas-labor-data-bbh-202512051136
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BitcoinEthereumNews2025/12/05 21:39