Key Highlights
- BlackRock CEO Larry Fink said Bitcoin and the broader crypto market are now more stable after excessive leverage was eliminated.
- Fink remains bullish on financial markets over the next 12 months, driven by technological innovation and stronger corporate profitability.
- He said systemic leverage risks in crypto have declined, though isolated pockets of leverage may still exist.
BlackRock Chairman and CEO Larry Fink expressed optimism about financial markets over the next 12 months while highlighting improved stability in Bitcoin and the broader cryptocurrency space.
Speaking during CNBC’s ‘Squawk on the Street’ on Wednesday, Fink acknowledged his past concerns regarding excessive leverage in Bitcoin and crypto markets.
“There is no question, as I said in earlier times… I was always worried about the leveraging in Bitcoin and crypto. There is too much leverage players in it. That’s why we had to wash out,” he said.
Fink said the situation has improved significantly. “I think there’s more stability at these levels here,” he said, adding that implicit leverage in the broader capital markets is not as concerning as before. While he cautioned that some pockets of leverage may still exist, he believes the overall risk profile has normalized.
Fink cites BlackRock’s performance
The BlackRock CEO also reiterated his bullish outlook for the coming year.
“As I said in my prepared remarks this morning, I’m very bullish on the markets over the next 12 months,” Fink stated. He attributed much of this optimism to the ongoing technological revolution, which he believes will drive better profit margins across industries.
Fink pointed to BlackRock’s own performance as evidence. The firm’s margins increased by 260 basis points over the last 12 months, largely due to greater adoption of technology and efficiency gains. “A lot of it is using more and more technology,” he noted.
Fink’s positive assessment of Bitcoin’s stability reflects the continued evolution of his views on digital assets.
Bitcoin shows slight recovery
At the time of this writing, Bitcoin is trading at $64,812, up approximately 0.36% in the last 24 hours. The asset has traded between an intraday low of $64,374 and a high of $65,508. With a market capitalization of $1.29 trillion and 24-hour trading volume exceeding $28.3 billion, BTC maintains strong liquidity.
While still trading well below its all-time high of $126,198 in October 2025, Bitcoin has shown improved stability at current levels. Technical indicators suggest cautious optimism, supported by strong on-chain metrics and institutional interest. Continued holding above $64,000 could set the stage for upward momentum in the near term.
BlackRock halts its BTC selling streak with recent purchase
BlackRock recently ended its Bitcoin selling streak by purchasing approximately $250 million worth of BTC, according to on-chain intelligence platform Arkham.
The purchase marked a reversal after more than two weeks of daily outflows from BlackRock-linked addresses. Arkham data showed multiple large inflows, primarily from Coinbase Prime hot wallets, into addresses associated with BlackRock’s IBIT Bitcoin ETF. Several individual transfers involved roughly 300 BTC, valued at approximately $19 million each.
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