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BlackRock CEO: Economic slowdown could become the main catalyst for digital assets such as Bitcoin
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04-13 10:06
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BlackRock CEO Larry Fink warned about a possible recession in the United States and warned that the recession might have begun. In an interview with CNBC, Fink noted that intensifying economic pressures and protectionist trade policies — especially tariffs during former President Trump’s era — are key drivers behind the slow economic contraction. While concerns about recession often disturb traditional markets, cryptocurrency investors may have reason to cheer. An imminent economic slowdown could prompt the Fed to change its currency tightening route, which could trigger a new wave of liquidity. According to analysts, this situation could be the main catalyst for digital assets such as Bitcoin. Fink’s remarks followed similar forecasts from major Wall Street institutions including JPMorgan Chase, Deutsche Bank and Goldman Sachs. Matt Hougan, chief investment officer at Bitwise, believes that the weakness of the dollar may boost Bitcoin in the short term and may open the door to BTC gaining traction as an alternative global reserve asset in the long term.
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