tl;dr
Larry Fink, the CEO of BlackRock, has advised investors to buy a "big dip" if it occurs in 2025, predicting market turbulence due to tariff tensions. However, he remains optimistic about a long-term economic boom driven by cutting-edge technologies like artificial intelligence. Fink believes the US ...
Larry Fink, BlackRock CEO, has advised investors to buy the "big dip" if it occurs in 2025, amidst anticipated market turbulence due to trade tensions. He predicts a future economic boom driven by cutting-edge technologies like artificial intelligence, despite the initial plunge in S&P500 and Bitcoin prices. Fink remains optimistic about the US stock market's growth potential, fueled by the country's tech advantage, even in the face of trade tensions and concerns about the US economy.
The price of Bitcoin initially decreased but later recovered in line with US stocks. Fink, the head of the $11.5 trillion asset management behemoth BlackRock, believes that the US stock market will be propelled higher by the country's tech advantage over the next several years, despite current market fluctuations.
Today, the S&P500 sharply plunged amid trade tensions and concerns about the US economy, while the price of Bitcoin, correlated with other risk assets, also experienced an intraday low of $81,688. However, Bitcoin has since recovered some of the losses in sync with US stocks.