BlackRock CEO Larry Fink Predicts Possible 20% Market Decline

BlackRock CEO Larry Fink indicated a potential 20% drop in the market but views the current situation as a long-term buying opportunity. He stated:

The existing drawdown does not present systematic risk.
Inflationary pressures exceed market expectations.
The U.S. is likely in a recession.
No interest rate cuts from the Federal Reserve are anticipated this year.

Fink previously highlighted Bitcoin's threat to the U.S. dollar, which may weaken if it is perceived as a safer asset. The crypto market has been volatile since tariffs were announced by former President Trump. Currently, BTC is down 5% over the past five days and 11% over the past month. The S&P 500 and Nasdaq have decreased by 13% and 15%, respectively.