PANews reported on December 4th, citing Forbes, that BlackRock CEO Larry Fink stated that some sovereign wealth funds are buying Bitcoin during the recent price drop. Many sovereign wealth funds were initially on the sidelines, gradually accumulating Bitcoin as its price fell from its peak of $126,000. Fink indicated that these funds are buying incrementally, adding to their holdings when the price drops to the $80,000 range, aiming to build long-term positions. Fink also stated that the US risks falling behind other countries if it doesn't accelerate its investment in digitalization and tokenization. Furthermore, Fink predicts that cryptocurrency-driven tokenization will experience "huge growth" in the coming years.PANews reported on December 4th, citing Forbes, that BlackRock CEO Larry Fink stated that some sovereign wealth funds are buying Bitcoin during the recent price drop. Many sovereign wealth funds were initially on the sidelines, gradually accumulating Bitcoin as its price fell from its peak of $126,000. Fink indicated that these funds are buying incrementally, adding to their holdings when the price drops to the $80,000 range, aiming to build long-term positions. Fink also stated that the US risks falling behind other countries if it doesn't accelerate its investment in digitalization and tokenization. Furthermore, Fink predicts that cryptocurrency-driven tokenization will experience "huge growth" in the coming years.
BlackRock CEO: Some sovereign wealth funds bought Bitcoin during the recent crypto market downturn.
PANews reported on December 4th, citing Forbes, that BlackRock CEO Larry Fink stated that some sovereign wealth funds are buying Bitcoin during the recent price drop. Many sovereign wealth funds were initially on the sidelines, gradually accumulating Bitcoin as its price fell from its peak of $126,000. Fink indicated that these funds are buying incrementally, adding to their holdings when the price drops to the $80,000 range, aiming to build long-term positions. Fink also stated that the US risks falling behind other countries if it doesn't accelerate its investment in digitalization and tokenization. Furthermore, Fink predicts that cryptocurrency-driven tokenization will experience "huge growth" in the coming years.
Market Opportunity
Belong Price(LONG)
$0.003438
$0.003438$0.003438
USD
Belong (LONG) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC
The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
XRP Treasury Firm Evernorth Prepares Public Listing to Boost Institutional Exposure
Evernorth is working toward a Q1 Nasdaq listing through a SPAC merger, giving XRP exposure to Wall Street investors. Funds raised will be used to back DeFi products
Share
Crypto News Flash2026/01/17 20:01
XRP Treasury Firm Evernorth Prepares Public Listing
The post XRP Treasury Firm Evernorth Prepares Public Listing appeared on BitcoinEthereumNews.com. Kelvin is a crypto journalist/editor with over six years of experience
Share
BitcoinEthereumNews2026/01/17 20:13