Larry Fink, CEO of BlackRock, shared his insights on the current market situation, highlighting the possibility of further price declines.
Larry Fink's Comment on Market Decline
Larry Fink stated that the market's reaction could lead to an additional 20% drop in prices. In an interview with Bloomberg TV, he noted: "I see it more as a buying opportunity than a selling opportunity, but that doesn't mean we can't go down further. I would not be taking money off the table right now. It's a great entry level." CITE_W_A
Stock and Crypto Markets: Recent Events
The stock market has shown significant declines for over 30 days. The crypto market has also suffered, with Bitcoin dipping below $80k. However, during U.S. trading, stocks rose slightly, and Bitcoin briefly edged above $81k due to false news about a potential pause on tariffs.
Macroeconomic Trends and Possible Changes
Fink emphasized that macroeconomic trends remain intact and will not change. He pointed to opportunities in technology innovation and artificial intelligence and noted that cryptocurrency is likely to rally following the massive dump.
Larry Fink believes that, despite potential further declines, current conditions represent a favorable moment for investments, especially in technology and cryptocurrencies.
