Larry Fink, CEO of BlackRock, the world’s largest asset manager, disclosed that several sovereign wealth funds are quietly buying BTC “ incrementally ,” a development analysts believe could push Bitcoin price prediction back into bullish territory. “I know they bought more in the 80k level. And they’re establishing a longer position. This is not a trade. You own it for a purpose,” Fink stated during a DealBook event alongside Coinbase CEO Brian Armstrong. Sovereign Wealth Funds Intensify Bitcoin Accumulation Charge Fink, whose “ thought process has evolved ” on crypto, explained Bitcoin’s entire use case to a room full of Wall Street elites. BREAKING: BlackRock CEO Larry Fink says sovereign wealth funds have been quietly buying Bitcoin, adding “incrementally at $120K, $100K, and even in the $80Ks.” Nation-state FOMO is already happening. pic.twitter.com/Fi9WskV9Me — Simply Bitcoin (@SimplyBitcoin) December 4, 2025 He framed Bitcoin as protection against physical insecurity, financial instability, and long-term debasement, noting that leveraged players rather than fundamentals drove the recent crash . While Fink didn’t reveal specific sovereign wealth funds, recent reports show growing institutional adoption. Luxembourg recently chose Bitcoin for its Intergenerational Sovereign Wealth Fund of Luxembourg (FSIL) and has already allocated 1% of its assets, approximately €7 million, to Bitcoin. Speaking at Bitcoin Amsterdam 2025, Luxembourg’s Finance Minister Gilles Roth emphasized that the nation is keen to be among the first to adopt BTC through its sovereign wealth fund. Meanwhile, Kazakhstan’s central bank is reportedly preparing to invest up to $300 million in crypto assets, though the final allocation could range from $50 million to $250 million, depending on market conditions. Bitcoin Price Prediction: FVG Analysis Points To $100K Breakout Bitcoin is moving inside a well-defined ascending channel, and despite the recent pullback from the upper boundary, the structure remains bullish as long as the price holds the mid-range and lower channel support near $90,500–$91,000. The rejection at the top of the channel aligns with the fair-value gap left over from late November, creating short-term exhaustion. However, buyers quickly absorbed the sell-off around the FVG region, showing momentum remains in their favor. Source: TradingView The projected bear flag breakdown failed to gain follow-through, which typically flips into a continuation pattern in the opposite direction, strengthening the case for upward expansion. If Bitcoin retests the lower channel boundary once more, it would likely act as a springboard for the next leg higher. Given the current market structure, the path of least resistance remains toward the upper channel line around $97K–$99K, with a breakout opening the door to the broader target zone around $100K and above. Pepenode Presale Gains Traction Bitcoin’s return to bullish territory signals positive momentum for meme coins like Pepenode(PEPENODE) This gamified mine-to-earn meme coin presale on Ethereum has raised around $2.26 million since launching months ago. Pepenode offers virtual mining nodes and facility upgrades within a browser-based mining game and requires no hardware. It features a deflationary token model with 70% of mining tokens burned, aiming to provide sustainable value through gameplay and staking rewards. Early stakers enjoy APYs around 572%, encouraging longer-term holding. To buy Pepenode at the current price of $0.001178, visit the official presale site , connect an Ethereum-compatible wallet like Best Wallet . Then choose to pay in ETH, BNB, or USDT in just a few seconds. You can also make use of a credit/debit card to join the presale. Visit the Official Pepenode Website Here The post Bitcoin Price Prediction: BlackRock’s Larry Fink Says Sovereign Wealth Funds Are Quietly Buying Bitcoin — Will Their Bid Push BTC Past $100K? appeared first on Cryptonews .
