Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

Sovereign wealth funds were buying the dip in bitcoin (BTC), according to BlackRock CEO Larry Fink. “We’re seeing more and more legitimate, long-holding investors investing in it,” Fink said Wednesday at the New York Times DealBook Summit in New York. “I can tell you there are a number of sovereign funds [...] they are adding incrementally at $120,000, $100,000; I know they bought more in the $80s.” That state actors have been buyers of bitcoin isn't news — Abu Dhabi's Mubadala Investment Company and Lux ...