{"id":20975,"date":"2025-04-07T17:46:48","date_gmt":"2025-04-07T17:46:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20975"},"modified":"2025-04-07T17:46:48","modified_gmt":"2025-04-07T17:46:48","slug":"blackrock-ceo-larry-fink-says-further-20-market-drop-is-possible","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20975","title":{"rendered":"BlackRock CEO Larry Fink Says Further 20% Market Drop Is Possible"},"content":{"rendered":"<div>\n<p>BlackRock CEO Larry Fink said the market could see another 20% drop, but that the current drawdown is a buying opportunity in the long term as the current situation doesn\u2019t pose systematic risk.<\/p>\n<\/p>\n<p>\u201cI see it more as a buying opportunity than a selling opportunity, but that doesn\u2019t mean we can\u2019t go down further,\u201d Fink said during an appearance at the Economic Club of New York on Monday.<\/p>\n<\/p>\n<p>He noted that inflationary pressure is higher than market participants expect and that many already believe the U.S. to be in a recession. As a result, he does not anticipate the Federal Reserve to cut interest rates this year.<\/p>\n<\/p>\n<p>Last month, Fink published a letter to shareholders, warning about Bitcoin\u2019s (BTC) threat to the U.S. dollar, which could weaken if Americans believe the cryptocurrency to be a safer asset than the dollar.<\/p>\n<\/p>\n<p>Markets, including the crypto market, have been in turmoil since U.S. President Donald Trump announced a host of tariffs on goods imported to the U.S. BTC is currently trading 5% lower over the past five days and 11% lower in the past month. Stocks were hit even worse with the S&amp;P 500 and Nasdaq down 13% and 15%, respectively.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock CEO Larry Fink said the market could see another 20% drop, but that the current drawdown is a buying opportunity in the long term as the current situation doesn\u2019t pose systematic risk. \u201cI see it more as a buying opportunity than a selling opportunity, but that doesn\u2019t mean we can\u2019t go down further,\u201d Fink [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20975","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20975"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20975\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}