[BlackRock CEO Says Sovereign Funds Are Accumulating Bitcoin at Lower Prices]
BlackRock CEO Larry Fink stated that some unnamed sovereign funds are gradually purchasing Bitcoin and increasing their holdings as Bitcoin's price dropped from its peak of $126,000 to the $80,000 range, aiming to establish long-term positions. Speaking alongside Coinbase CEO Brian Armstrong at the DealBook event, Larry Fink also mentioned that if the U.S. does not accelerate its investment in digitization and tokenization, it may fall behind other countries. He predicted that tokenization driven by cryptocurrencies will see 'tremendous growth' in the coming years.