In accordance with TheCCPress, BlackRock CEO Larry Fink admitted his previous skepticism about Bitcoin was a mistake during the New York Times DealBook Summit on December 2025. BlackRock’s iShares Bitcoin Trust (IBIT) has grown to $90 billion in assets within two years, signaling strong institutional confidence in the digital asset. Fink’s reversal reflects a broader shift in financial markets toward Bitcoin as a legitimate investment. The ETF has driven $3.5 billion in recent weekly inflows and boosted BlackRock’s stock by 5% in pre-market trading. Whale activity in Bitcoin also rose by 15%, indicating increased institutional trust.
BlackRock's Larry Fink Admits Bitcoin Misjudgment as IBIT Hits $90 Billion
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