April 7, 2025
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Blackrock CEO Larry Fink Says Further 20% Market Drop Is Possible

FINK, WHO SPOKE at the Economic Club of New York on Monday, SAID THAT HE Still Sees the Current Drawdown as a “Buying Opportunity.””, – WRITE: www.coindesk.com

FINK, WHO SPOKE at the Economic Club of New York on Monday, SAID THAT HE Still Sees the Current Drawdown as a “Buying Opportunity.”Updated APR 7, 2025, 6:36 PM PUBLISHED APR 7, 2025, 5:33 PM

Blackrock Ceo Larry Fink Said the Market Could See Another 20% Drop, But The Current DrawDown Is A Buying Opportunity in the Long Term As The Current Situation.

“I See It More As A Buying Opportunity Than A Selling Opportunity, But That Doesn’T Mean We Can Youan’s Down Further,“ Fink Said Durying An APEANCE AT THE ECONOMIC CLUB OF NEWOD.

He Noted that Inflationary Pressure is Higher than Market Participants Expect and that Many already believe the US to be in a recession. As a result, he does not anticipate the Federal Reserve to Cut Interest Rates this Year.

Last MONTH, FINK PUBLISHED A Letter to Shareholders, Warning About Bitcoin’s (BTC) Threat to the Us Dollar, WHICH COURKLD WAKEN IFMERICANS BELIEVE The CRYPTOCURRRECY TO DO.

Markets, Including the Crypto Market, Have Been In Turmoil Since US President Donald Trump AnnunCed A Host of Tariffs on Goods Imported to The Us Btc is Currently Figrant. in the past month. Stocks Were Hit Even Worse with The S&P 500 and Nasdaq Down 13% and 15%, Respectively.

Helene BraunHelene is a New York-Basted Markets Reporter at Coindesk, Covering The Latest News From Wall Street, The Rise of the Spot Bitcoin Exchange-Traded Funds and Updates on CRYPTO Markets. She is a graduate of new York University’s Business and Economic Reporting Program and Has Appeared on CBS News, Yahoofinance and Nasdaq Tradethalks. She Holds BTC and ETH.

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Helene Braun

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