tldr; BlackRock CEO Larry Fink revealed that sovereign wealth funds are gradually buying Bitcoin at various price levels to establish long-term positions rather than engaging in short-term trading. Speaking at The New York Times DealBook Summit, Fink noted that these funds view Bitcoin as a strategic asset and a hedge against financial uncertainties. This marks a shift in Fink’s stance on Bitcoin, aligning with BlackRock’s growing involvement in crypto investments and asset tokenization.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
BigvalBROski on
Cynthia Lummis is still working on the Bitcoin whatever at the White House
kirtash93 on
Smart people owns BTC
uncapchad on
are they buying 0.00000001 sats at a time?
ThreeTonChonker on
Everyone who sells from now on is doing so at a discount for the giant corporations.
Remember that next time this sub turns doom and gloom. You are being manipulated into panicking.
TrueEclective on
The amount of money that governments and index funds can throw at crypto can really inflate that value. Weird.
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tldr; BlackRock CEO Larry Fink revealed that sovereign wealth funds are gradually buying Bitcoin at various price levels to establish long-term positions rather than engaging in short-term trading. Speaking at The New York Times DealBook Summit, Fink noted that these funds view Bitcoin as a strategic asset and a hedge against financial uncertainties. This marks a shift in Fink’s stance on Bitcoin, aligning with BlackRock’s growing involvement in crypto investments and asset tokenization.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Cynthia Lummis is still working on the Bitcoin whatever at the White House
Smart people owns BTC
are they buying 0.00000001 sats at a time?
Everyone who sells from now on is doing so at a discount for the giant corporations.
Remember that next time this sub turns doom and gloom. You are being manipulated into panicking.
The amount of money that governments and index funds can throw at crypto can really inflate that value. Weird.