Fink Turns Bullish on Bitcoin Amid Reduced Leverage Concerns

BlackRock CEO Larry Fink expressed a bullish outlook on Bitcoin in an interview with CNBC on July 15, 2026. This shift in tone comes after he previously described leveraged Bitcoin buyers as 'the other big problem' facing the asset.

Fink attributed his optimism to AI-driven profit gains and noted that Bitcoin's leverage problem has largely washed out since its pullback from October 2025 highs. He also highlighted that only isolated pockets of leverage remain a concern across capital markets.

BlackRock posted record second-quarter earnings, with total assets under management hitting $15.3 trillion and revenue up 31% year-over-year to $7.1 billion. However, its crypto business saw digital assets under management fall to $48.8 billion as of June 30, down 39% from a year earlier.

Fink's comments carry weight due to his position at BlackRock, which runs the largest spot Bitcoin ETF in the US, giving him visibility into who is buying Bitcoin and how leveraged they are.