BlackRock CEO: Sovereign funds are buying bitcoin at low prices
Jinse Finance reported that BlackRock CEO Larry Fink revealed that some unnamed sovereign funds are buying bitcoin, and that they bought even more as the bitcoin price fell from its peak of $126,000. Larry Fink stated that these funds are making gradual purchases and increased their holdings when the bitcoin price dropped to the $80,000 range, aiming to establish long-term positions. Speaking at a DealBook event alongside an exchange CEO, Brian Armstrong, he said that if the United States does not accelerate its investment in digitalization and tokenization, it risks falling behind other countries. In addition, Larry Fink predicted that tokenization driven by cryptocurrencies will see tremendous growth in the coming years. (Forbes)
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Under the dual pressure of energy and political risks, the euro has fallen to a near two-month low, with 60% of options traders betting on further weakening.
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