BlackRock CEO Larry Fink just gave a “brace yourself” warning: U.S. markets could still fall another 20%.
Speaking at the Economic Club of New York, he didn’t sugarcoat it. “We’ve seen 20% drops in just three days,” Fink said. “Yeah, it could get worse — but I see this more as a buying opportunity than a reason to panic.”
Translation: he’s not doomsaying. He’s playing the long game.
Fink called it straight: “Inflationary pressures are still here, and monetary policy is uncertain.” TL;DR — don’t expect the Fed to swoop in and save the day with lower rates.
Despite the bleak forecast, Fink’s not in panic mode. He’s telling investors to zoom out.
“This is not the end of the world.”
The volatility? Annoying, yes. But systemic? Not really. Fink sees it as a buy-the-dip moment — if you’ve got diamond hands and patience.
Now here’s where it gets spicy.
Fink warned that Bitcoin’s rising popularity could actually threaten the U.S. dollar.
“If Americans begin to believe Bitcoin is a safer store of value than the dollar… that fundamentally challenges the dollar’s global role.”
This isn’t new for him — he’s flagged crypto’s potential to disrupt fiat before. But coming from the head of BlackRock? That hits different.
Still, Fink isn’t rattled — and neither should you be, if you’re in it for the long haul.
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