BlockBeats News, April 13th, according to Cryptodnes, BlackRock CEO Larry Fink issued a warning, stating, "The U.S. economic recession may have already begun, with the escalating economic pressures and protectionist trade policies being key drivers behind the slow economic contraction."
Analysts suggest that for cryptocurrency investors, the economic slowdown may prompt the Federal Reserve to alter its path of monetary tightening, potentially triggering a new wave of liquidity or becoming a major catalyst for cryptocurrencies such as Bitcoin.
This is not Larry Fink's first recent recession warning. BlockBeats previously reported that on April 8th, BlackRock CEO Larry Fink stated in an interview with Bloomberg that we can expect to see "more signs of economic slowdown in the coming months" and expressed concern about a further rise in inflation if "all proposed tariffs are eventually implemented."
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