EddieJayonCrypto
11 Mar 25
BlackRock CEO Larry Fink warns that President Trump's nationalist economic policies may lead to increased inflation. Fink believes that deporting migrant workers and reducing the labor supply could contribute to inflation. He questions the impact of tariffs and suggests that Bitcoin could serve as a...
BlackRock CEO Larry Fink has cautioned that President Trump's nationalist economic policies could lead to heightened inflation by deporting migrant workers and reducing the labor supply, ultimately increasing costs for US industries. Fink has also pointed out potential inflationary impacts from tariffs and proposed Bitcoin as a hedge against inflation. These warnings come in the wake of BlackRock's acquisition of CK Hutchison, a company with a global presence in 43 ports across 23 countries, including the Panama Canal.
During the CERAWeek conference, Fink emphasized the potential consequences of a nationalistic approach, expressing concerns about the availability of workers for critical tasks such as harvesting and constructing AI data centers. He questioned the sustainability of these policies, highlighting the necessity to consider their long-term effects. Previously, Fink had advocated for Bitcoin as a legitimate hedge against inflation, suggesting that its value could potentially reach $700,000, especially if sovereign wealth funds begin allocating to the cryptocurrency. At the World Economic Forum earlier this year, Fink had explored the potential for Bitcoin to serve as a hedge against traditional securities and equities, underlining its potential role as a global instrument offering protection against local economic and political instabilities.