Blue Owl's $1.4B asset sale sparks speculation of next BTC bull run

Private equity and private credit manager Blue Owl Capital is selling $1.4 billion in assets to meet redemptions, sparking speculation that the event could trigger the next Bitcoin bull run, CoinDesk reported. Following the announcement, Blue Owl's (OWL) stock has fallen approximately 14% on the week and is down more than 50% for the year. Former PIMCO CEO Mohamed El-Erian warned the situation could be a "canary in the coal mine," similar to the 2007 collapse of Bear Stearns. The speculation is rooted in historical precedent: the Federal Reserve's zero-interest-rate policy and quantitative easing (QE) following the 2008 financial crisis set the stage for Bitcoin's creation and subsequent long-term bull market. Similarly, after massive liquidity injections during the 2020 COVID-19 crisis, BTC surged from under $4,000 to over $65,000.