Institutional investors are driving Bitcoin’s stability and market confidence. BlackRock CEO Larry Fink revealed that sovereign wealth funds from Abu Dhabi and Luxembourg are buying Bitcoin during price dips, focusing on long-term strategies. This action signals a shift toward Bitcoin as a strategic asset rather than a short-term trade, potentially contributing to its price resilience. Fink’s comments suggest significant potential growth for Bitcoin with these investments, potentially leading to a value increase of up to $700,000. His statements on 60 Minutes further illustrate his change in opinion from skepticism to bullishness, as he believes in the long-term potential of Bitcoin.