Jakarta, Pintu News – Global markets are currently facing high uncertainty, but according to BlackRock CEO Larry Fink, this condition offers attractive buying opportunities. In a discussion at The Economic Club of New York, Fink expressed his views on the potential for further market declines and possible investment strategies.
Larry Fink, CEO of BlackRock, stated that the market may experience an additional 20% decline. However, Fink thinks that the current decline is an opportunity to buy, not to sell. “I see this more as an opportunity to buy than an opportunity to sell, but that doesn’t mean we can’t go down further,” Fink said at the event.
He added that inflationary pressures are currently higher than many market participants expected. This, according to Fink, has led many to believe that the United States is already in a recession. Therefore, Fink does not expect the Federal Reserve to cut interest rates this year.
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Global financial markets, including crypto markets, have been in turmoil since US President Donald Trump announced a series of tariffs on goods imported into the US. Bitcoin is currently trading 5% lower over the last five days and 11% lower in the last month. Stocks have also been hit harder with the S&P 500 and Nasdaq down 13% and 15%, respectively.
Larry Fink also published a letter to shareholders last month, warning about the threat Bitcoin (BTC) poses to the US dollar. According to him, the dollar could weaken if Americans begin to view cryptocurrencies as safer assets compared to the dollar.
Helene Braun is a market reporter based in New York, working for CoinDesk. She covers the latest news from Wall Street, the rise of Bitcoin spot exchange-traded funds, and updates on the crypto market. Braun is a graduate of New York University’s business and economics reporting program.
In addition, Braun has been featured on CBS News, YahooFinance, and Nasdaq TradeTalks. He has holdings in Bitcoin (BTC) and Ethereum , which adds to his depth of experience in covering the crypto industry.
Given the views expressed by Larry Fink and the current market situation, investors are faced with both challenges and opportunities. Understanding market dynamics and taking action based on in-depth analysis could be key in dealing with the volatility. The buying opportunity mentioned by Fink may be a strategic moment for investors looking for an entry point in the current market conditions.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.