BlackRock CEO Highlights Trillions in Idle Capital Amid Market Volatility
BlackRock CEO Larry Fink has identified a staggering €12 trillion parked in European bank accounts and $11 trillion in US money market funds, signaling a global trend of capital hoarding amid economic uncertainty. Speaking at the Saudi-US Investment Forum, Fink attributed this behavior to investor anxiety over trade disputes and the expanding US trade deficit.
The world’s largest asset manager emphasized that such liquidity paralysis reflects a broader risk-aversion cycle. "When uncertainty takes over, people hoard cash," Fink observed during the Riyadh event, which coincided with President Trump’s regional visit. This capital stagnation presents both a challenge and opportunity for digital asset markets seeking to attract sidelined funds.