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BlackRock CEO: Does not rule out the possibility of the market falling another 20%, but there are more buying opportunities.
ChainCatcher news, BlackRock CEO Larry Fink stated: I still do not rule out the possibility of the market falling another 20%. The U.S. is currently a source of instability, with concerns about high Inflation and rising Intrerest Rate. Trump has been following those areas that lead to Inflation and economic instability. Most CEOs I have interacted with believe the U.S. economy has already entered a recession and are skeptical about the speculation that the Federal Reserve (FED) will cut rates multiple times in 2025. But in the long run, there are more buying opportunities than selling opportunities. Larry Fink previously stated that the market turmoil is a "buying opportunity" and said that BTC could become the next global reserve currency.