BlackRock CEO predicts more rate hikes amidst inflation and debt ceiling drama.
TL;DR Summary
Blackrock CEO Laurence Fink warns that the recent US debt ceiling drama has damaged global trust in the US dollar, potentially providing tailwinds for Bitcoin. Fink expects at least two more interest rate hikes from the Federal Reserve in the coming months, which could see the price of Bitcoin fall further. However, if the Federal Reserve pauses its rate hiking cycle in June, investors can expect to see some positive price action for Bitcoin. Many Bitcoin advocates see BTC as a hedge against inflation and debt fears brought on by central banks increasing overall monetary supply.
- Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin? Cointelegraph
- Fed Isn’t Finished Raising Interest Rates to Fight Inflation, Larry Fink Says Yahoo Finance
- BlackRock's Rick Rieder: Technicals in equities are amazing CNBC Television
- BlackRock's CEO expects more rate hikes as inflation persists Reuters
- ECB Needs to Keep Rates Restrictive: BlackRock's Cooper Bloomberg Television
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
3 min
vs 4 min read
Condensed
85%
626 → 96 words
Want the full story? Read the original article
Read on Cointelegraph