Sovereign Wealth Funds Increase Bitcoin Holdings Amid Price Decline

According to BlockBeats, BlackRock CEO Larry Fink has revealed that several sovereign wealth funds are purchasing Bitcoin during its recent price drop. Fink noted that these funds are gradually buying Bitcoin as its price fell from a peak of $126,000, with increased acquisitions occurring when the price reached the $80,000 range. The aim is to establish long-term positions. Fink emphasized the importance of the U.S. accelerating its investments in digitalization and tokenization to avoid falling behind other countries. He also predicted significant growth in tokenization driven by cryptocurrencies in the coming years.