‘Expect Fireworks’—BlackRock CEO Issues ‘Crazy’ Fed Warning As A China ‘Tsunami’ Is Predicted To Hit Crypto And The Bitcoin Price
https://www.forbes.com/sites/digital-assets/2024/10/01/expect-fireworks-blackrock-ceo-issues-serious-fed-warning-as-a-china-tsunami-is-predicted-to-hit-crypto-and-the-bitcoin-price/?ss=FDA
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tldr; BlackRock CEO Larry Fink has warned that market expectations for Federal Reserve interest rate cuts are overly optimistic, describing them as ‘crazy.’ He suggests there is room for easing but not to the extent anticipated. Meanwhile, analysts predict ‘fireworks’ in the crypto market due to China’s expected massive liquidity injection to stimulate its economy. This, combined with potential Fed rate cuts, could impact the bitcoin price, which has been volatile amid global economic shifts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Time to get my surfing table ready.
Tsunamis go up a ton before they crash down. Fireworks are rockets that go straight up with intense speed then literally just explode.
Wondering what the heck he means by these.
Tsunami, eruption, earthquake. I swear these cryptojournos just deep down wanted to be geologists.
Prices going up or down???
Hahah fink trying hard
I knew it! It’s Forbes.
Can we have a “Forbes” flag for links posted from there?
At this point they’re writing better fiction than Twilight.
Chinese new year, right?
This is the way 🌊
Fireworks are short, fast, and don’t last, enjoy them while we can, guys.
Are these the little snake fireworks that leave a black mark on the sidewalk? I