Eric Trump: Crypto More Needed in Developing World Than USOn November 14, Eric Trump said in an interview with Yahoo Finance Executive Editor Brian Sozzi that sovereign wealth funds are rapidly entering crypto because they see a world full of "junk currencies," corrupt governments, and outdated banking systems. He said developing countries need crypto even more than the U.S., as it helps solve the lack of modern financial infrastructure. Eric Trump added that many government-backed funds are using surplus w ...

Market Sentiment - The report suggests a potential "Santa Rally" driven by optimism, but it's described as a "last ditch" effort [1] - The market's hope for a Santa Rally may be dependent on external factors [1] Investment & Funding - OpenAI is reportedly seeking $100 billion from sovereign wealth funds [1] - Abu Dhabi's sovereign wealth funds may be involved in providing financial support to OpenAI [1]

COMMENT: Fink said these buyers are not chasing quick gains but are building long positions they plan to hold for years.BSCN (@BSCNews):BLACKROCK CHIEF SAYS SOVEREIGN FUNDS ARE BUYING BITCOIN DURING THE DIP- BlackRock CEO Larry Fink says several sovereign wealth funds are adding Bitcoin during the market pullback. He shared this at the DealBook Summit in New York.- According to Fink, these funds asked to stay https://t.co/Jkrb3HiW2B ...