BlockBeats News, December 4th, BlackRock CEO Larry Fink stated that during the recent Bitcoin price drop, some sovereign wealth funds were buying Bitcoin. He also added that many sovereign wealth funds are watching and, as the Bitcoin price dropped from a peak of $126,000, they are gradually buying Bitcoin. Larry Fink said that these funds are buying in a “progressive” manner and are increasing their holdings when the Bitcoin price drops to the $80,000 range, aiming to build a long-term position.
Larry Fink mentioned that if the United States does not accelerate its investment in digitization and tokenization, it faces the risk of falling behind other countries. Furthermore, Larry Fink predicted that cryptocurrency-driven tokenization will see “tremendous growth” in the coming years.
