BlackRock CEO Warns of Potential 20% Market Drop Amid Inflation Concerns, Bitcoin Investors Eye Long-Term Opportunity
BlackRock CEO Larry Fink has cautioned that markets could face another 20% decline due to persistent inflation and recession risks, but sees the downturn as a strategic entry point for long-term investors. His remarks come as Bitcoin and broader crypto markets remain volatile amid macroeconomic uncertainty.
BlackRock CEO Predicts Further 20% Market Drop, Sees Buying Opportunity
BlackRock CEO Larry Fink has warned that the market could experience another 20% drop, but views the current drawdown as a long-term buying opportunity. Speaking at the Economic Club of New York, Fink noted that inflationary pressures are higher than expected and many believe the U.S. is already in a recession. As a result, he does not anticipate the Federal Reserve to cut interest rates this year. Additionally, Fink previously warned about Bitcoin’s (BTC) potential threat to the U.S. dollar, stating that if Americans perceive the cryptocurrency as a safer asset than the dollar, it could weaken the currency.
Peter Schiff Warns of Crypto Breakdown Amid Trump’s Tariff Fallout
After U.S. President Donald Trump announced new tariffs on Friday, the digital asset market demonstrated fresh signs of instability. Bitcoin lost 5.6% of its value to reach $78,769, marking a 27% drop from its all-time high. Peter Schiff predicted this price reduction, stating that the decline reflects a delayed response to Trump’s new tariffs. Over $892 million in crypto positions were liquidated in the past 24 hours across major tokens.
MacBooks to Metaplanet: Corporate Bitcoin Adoption Accelerates
The corporate world is increasingly embracing Bitcoin, despite the tariff-addled traditional markets. Analysts maintain prior price projections for Bitcoin, noting that the fundamentals of the industry remain strong, with corporate and government adoption continuing apace. Even generally bearish pundits like Mark Cuban remain positive on the corporate adoption trend. At the MIT Bitcoin Conference this weekend, companies such as Metaplanet, Semler Scientific, and MARA Holdings expressed their commitment to Bitcoin.
BlackRock CEO Predicts Market Could Drop Another 20%
BlackRock chief executive officer Larry Fink has warned that the market could still see another 20% dump. The comments come amidst a 30-day straight market crash, which has also impacted cryptocurrencies. Bitcoin (BTC) has dipped below $80k, touching lows last seen in early November 2024. However, Fink believes the current dip is a buying opportunity rather than a selling one. According to him, macro trends across the market remain intact, and the opportunity in tech innovation and artificial intelligence persists.
Bitcoin: Strategy Loses $5.91 Billion in Q1 2025
Strategy, the company of Michael Saylor, has announced massive unrealized losses of $5.91 billion on its Bitcoin holdings in the first quarter of 2025. In an 8-K filing submitted to the SEC on April 7, 2025, the company highlights the brutal impact of macroeconomic conditions on its accumulation strategy. Between January and March 2025, Strategy purchased 80,715 BTC for a total of $7.66 billion, with an average acquisition price of $94,922. However, Bitcoin closed the quarter below $84,000, recording a decline of 11.82% and marking its worst quarterly performance since 2018. This price drop has worsened the company’s unrealized losses, already heavily exposed to market volatility.
