BlackRock’s Larry Fink Says Crypto Washout Is Over: Is Bitcoin Stabilizing?
BlackRock CEO Larry Fink told CNBC on July 15 that the leverage washout behind this year's crypto selloff is over, saying "there was too much leverage... that's why we had the washout," and that bitcoin now shows more stability at current levels. He said he is bullish over the next 12 months and noted sovereign wealth funds have been accumulating during the drawdown.
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