๐ฆ BlackRock's Fink: 'Very Bullish' on Bitcoin and Markets Over Next 12 Months
BlackRock CEO Larry Fink said he is very bullish on financial markets and on bitcoin's stability over the next 12 months, attributing this year's roughly $2 trillion crypto drawdown to excess leverage that has since washed out. He pointed to BlackRock's iShares Bitcoin ETF and record $15.3 trillion in assets under management as evidence of continued institutional demand.
Why it matters: Continued bullish signaling from the largest asset manager, alongside sustained ETF inflows, may reinforce institutional allocation trends into bitcoin and crypto-adjacent products despite recent volatility.
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๐ฆ BlackRock's Fink: 'Very Bullish' on Bitcoin and Markets Over Next 12 Months
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