BlackRock's $2.5 Billion Bitcoin Investment Led by Larry Fink, Now Holds 2% Supply

Oct 25, 2024, 09:44 AM

Alan Greenspan, former Chairman of the Federal Reserve, stated that the value of Bitcoin can never be negative. Robbie Mitchnick, BlackRock’s Head of Digital Assets, described Bitcoin as a scarce, global, decentralized, non-sovereign asset. BlackRock now holds almost 2% of the total Bitcoin supply. Additionally, BlackRock has created significant buy pressure on Bitcoin, with $2.5 billion invested in the last 30 days. Larry Fink, referred to as the overlord, is credited with driving this investment.