BlackRock CEO Larry Fink said Bitcoin has grown considerably more stable as leveraged positions wash out of the market, and repeated that he is very bullish on markets over the next 12 months. Fink made the comments in a CNBC interview on July 15, 2026, the same day BlackRock posted record second-quarter earnings even as its digital assets business shrank.
What Happened
In the interview, Fink said only isolated pockets of leverage remain a concern across capital markets, and that Bitcoin’s leverage problem has largely washed out since its pullback from October 2025 highs. “I’m very bullish on the markets over the next 12 months,” he told CNBC, crediting the outlook partly to AI-driven profit gains.
BlackRock’s results explain why the comments carried weight. Total assets under management hit a record $15.3 trillion, with $192 billion in net inflows and revenue up 31% year-over-year to $7.1 billion, according to Yahoo Finance. Its crypto business moved the other way: digital assets under management fell to $48.8 billion as of June 30, down 39% from $79.6 billion a year earlier, despite $15.1 billion in new money.
The tone is a shift. At the New York Times DealBook Summit in December 2025, Fink called leveraged Bitcoin buyers “the other big problem” facing the asset, according to Yahoo Finance, and said investors mainly buy Bitcoin out of fear. Bitcoin closed the first half of 2026 down roughly 37%, sliding from near $95,000 in January to below $59,000 by June 30, Yahoo Finance reported separately, before that leverage concern eased by July.
What This Means for New Bitcoin Buyers
Fink’s comments carry more weight than a typical bull call because of where he sits. BlackRock runs iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF in the US, giving him visibility into who is buying Bitcoin and how leveraged they are. That doesn’t guarantee calmer markets, but it does suggest forced liquidations like the ones in late 2025 are less likely to repeat, something our news desk will keep tracking in the months ahead.
The Next Data Point: BlackRock’s Third-Quarter Crypto Flows
The real test of Fink’s call comes with BlackRock’s next quarterly earnings, expected in October. If net inflows into IBIT and other crypto products start closing the roughly $45.8 billion gap between inflows and lost value, that would support Fink’s view. A widening gap would suggest the leverage unwind isn’t finished.
What This Means for You
Fink’s point is that one of Wall Street’s most influential crypto voices believes the leverage problem behind Bitcoin’s swings is fading. That doesn’t mean volatility disappears, and it doesn’t tell newer holders when to buy or sell. It does mean the next few months of ETF inflow data, not another CEO interview, will be the real signal to watch.
This article is for informational purposes only and does not constitute financial advice. Do your own research before making any investment decisions.
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