Odaily News In an interview with CNBC, BlackRock CEO Larry Fink sounded the alarm about a possible recession in the United States, warning that a recession may have already begun. Larry Fink pointed to rising economic pressures and protectionist trade policies as key drivers behind what he sees as a slow economic contraction. While recession fears typically roil traditional markets, cryptocurrency investors may have reason to be excited. The impending economic slowdown could prompt the Federal Reserve to reverse its monetary tightening policies, potentially unleashing a new wave of liquidity. According to analysts, this scenario could serve as a major catalyst for digital assets such as Bitcoin.
Larry Fink's comments are in line with similar predictions from major Wall Street institutions such as JPMorgan Chase, Deutsche Bank and Goldman Sachs. On decentralized prediction markets such as Kalshi and PolyMarket, traders are also increasingly betting that a US recession is imminent. (Cryptodnes)