BlackRock CEO once again issued a U.S. recession warning, slowdown may change the Fed's tightening route

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04-13 10:46

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On April 13, BlackRock CEO Larry Fink warned that “the U.S. recession may have begun, with rising economic pressures and protectionist trade policies being the key drivers behind the slow economic contraction.”

But for cryptocurrency investors, the slowdown could prompt the Fed to change its currency tightening route, which could trigger a new wave of liquidity and could become the main catalyst for crypto assets such as Bitcoin.

This is not the first time Larry Fink has issued a recession warning in recent days. Previous reports that BlackRock CEO Larry Fink said in an interview with Bloomberg on April 8 that he will see "more signs of an economic slowdown" in the coming months and that if "all proposed tariffs are finally implemented", he will be worried about further inflation rise.

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