Blackrock CEO Larry Fink, New York Economy Club, said that there may be more decreases in global markets, while the current price decline may create a long -term purchase opportunity. Fink, the current situation does not pose a systematic risk, he said.
Fink’s Market Opinions
While Fink saw the decline in market movements as an opportunity, the current situation may be open to further decline in the future. He stated that investors could make positive changes in their portfolios by taking advantage of the current decrease.
“I see the opportunity to buy instead of a sales opportunity, but that doesn’t mean there will be no more price drop.” – Larry Fink
The CEO stressed that inflation pressure is above the expectations of market participants, and many investors believe that the US economy may be recessed. He thinks that the Federal Reserve may not go to interest rate reductions this year.
Bitcoin and US Dollar Warnings
In his letter to the shareholders published last month, Fink pointed out the pressure that Bitcoin could create on the US dollar, and expressed the possibility of weakening the dollar if American investors began to trust the crypto. This statement pointed out that the competition between crypto assets and traditional currencies in global financial markets may increase.
In addition, the import taxes imposed on the US and the imbalances in global markets put pressure on investments. Bitcoin has lost value in recent days, while some indices have decreased significantly. In addition to market data, international economic developments affected investors’ perception of risk. In summary, while Fink expects a 20 %decrease in the markets, crypto currencies have not yet been able to overcome the shock of the incident, and the possibility of Fed’s aggressive interest rate reduction does not seem reasonable to CEO.
Larry Fink’s statements, while offering investors and market observers a different perspective on the current situation, underlined its focus on long -term strategies. Despite market uncertainties, the current decline period should be evaluated strategic.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
