BlackRock CEO Discusses Bitcoin Purchases With Sovereign Wealth Funds

According to Odaily, BlackRock CEO Larry Fink has disclosed that he has engaged in discussions with several sovereign wealth funds regarding the purchase of Bitcoin. However, he did not specify which sovereign wealth funds were involved. Fink noted that concerns over the U.S. Federal Reserve's handling of the dollar crisis and rising inflation have sparked increased interest in Bitcoin. In recent years, governments worldwide have ramped up spending and stimulus measures. Analysts suggest that the surge in U.S. inflation has forced the Federal Reserve to raise interest rates at an unprecedented pace, increasing debt interest payments and heightening fears of a 'death spiral.' Federal Reserve officials continue to grapple with the looming 'stagflation nightmare' scenario.