BlackRock’s CEO says Bitcoin has hit its low, but his own crypto funds are still losing money

Larry Fink, the head of a $15. 3 trillion investment firm, told TV that Bitcoin’s recent slide to about $60, 000 was caused by too much borrowing, not a problem with the asset itself. He said that “the worst is behind us” and that markets should be more stable in the next year. Fink’s point is that when traders use a lot of leverage, their forced selling can make the price look like it’s crashing. But that crash actually clears out the risky positions and leaves a cleaner base for new buyers. If the drop was due to bad fundamentals, the market would stay weak.

He is not just talking. BlackRock’s own digital‑asset funds lost more than $3 billion in the last quarter, and Bitcoin’s price is still hovering near its June low. The company also has about $9 trillion in cash that could be put into markets once conditions improve. Despite the losses, spot Bitcoin ETFs added $107 million on July 15 with no withdrawals. That suggests some investors are buying while prices are low. Today, Bitcoin trades around $63 000. If it can close above $65 000 for a few days, it would confirm Fink’s optimism. Until then, the market remains split between institutional hope and a chart that keeps making lower highs.

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