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Laurence Fink

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cryptocurrency2 years ago•3 min saved

BlackRock CEO predicts more rate hikes amidst inflation and debt ceiling drama.

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.

via Cointelegraph|

#bitcoin #cryptocurrency #federal-reserve

cryptocurrency2 years ago•1 min saved

BlackRock CEO Larry Fink Warns of US Lagging Behind in Crypto and Capital Markets Innovation

BlackRock CEO Laurence Fink says that developed markets, including the US, are lagging behind in financial innovation, leaving the cost of payments much higher. Fink believes that crypto needs regulation given the elevated risks involved with the nascent asset class, but he says digital asset technology has the potential to transform financial markets. He also notes that the tokenization of asset classes offers the prospect of driving efficiencies in capital markets, shortening value chains, and improving cost and access for investors.

via The Daily Hodl|

#blackrock #crypto #cryptocurrency