BlackRock CEO Larry Fink says several sovereign wealth funds have quietly bought more Bitcoin during the recent dip, according to a new Forbes report.
He explained that these government-backed investors waited for the price to fall from its all-time high above $126,000 and then began adding to their positions in steady, small amounts. For context, currently trading for $92,553, BTC has collapsed nearly 27% from the $126,272 peak it attained in October 2025.
Why These Sovereign Funds Are Betting on BTC
Interestingly, Fink noted that some of these sovereign funds, which have been buying BTC “incrementally,” made additional purchases when the token dropped into the $80,000 range, stressing that they plan to hold these positions for many years rather than treat them as short-term trades.
According to the BlackRock CEO, these funds buy Bitcoin because they worry about long-term financial stability, rising global debt, and the gradual weakening of major currencies.
He also pointed out that heavy leverage across the crypto market still causes sharp price swings, linking to the two major downturns since October. Despite the volatility, he said these sovereign funds see Bitcoin as a strategic asset and continue to build their exposure.
Notably, in line with Fink’s disclosure, sovereign funds in Abu Dhabi and Luxembourg recently confirmed new investments in the BlackRock Bitcoin ETF. The involvement of these entities shows how quickly official institutions are adopting digital assets.
Fink Remains Positive on Bitcoin
Speaking further, Larry Fink urged the United States to move faster on tokenization and artificial intelligence. He warned that the country risks losing ground to governments that invest aggressively in digital innovation.
According to Forbes, these comments aligned with a statement from President Donald Trump, who recently said China wants to challenge the United States as the global center of crypto activity.
Forbes also highlighted Fink’s response to critics like Warren Buffett, who claim Bitcoin has no real value. Specifically, the BlackRock CEO argued that people buy Bitcoin when they worry about their physical safety, their financial security, or the long-term impact of large government deficits. He said those concerns strengthen Bitcoin’s role as a hedge.
BlackRock CEO’s Evolving Stance on Bitcoin
Interestingly, the latest comments demonstrate how Fink’s view of Bitcoin has changed sharply over the years. At the World Economic Forum in Davos in January 2025, he predicted that Bitcoin could reach $700,000 if sovereign funds decide to put even a small part of their portfolios, around 2% to 5%, into the asset.
He said such an allocation would drive enormous demand and help Bitcoin serve as protection against ongoing currency debasement.
Meanwhile, throughout 2025, he has publicly revisited his earlier doubts. At the New York Times DealBook Summit, he acknowledged that he had misjudged Bitcoin and now sees it as a reliable diversifier similar to gold.
Two months back, during an interview on 60 Minutes, he called Bitcoin a solid asset, confirming his newfound optimism. Later that month, at the Future Investment Initiative in Riyadh, Fink told investors to consider Bitcoin as a crucial hedge against global currency decline.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
