BlackRock CEO Larry Fink said in an interview with CNBC that he is bullish for the next 12 months thanks to the technological revolution, which will improve companies’ margins. According to him, the current level of leverage in the economy is much lower than the levels seen in 2008-2009, although certain pockets of risk remain.
Regarding Bitcoin and crypto in general, Fink focused on stability rather than price forecasting: “I’ve always been concerned about leverage in BTC and crypto—there were too many highly leveraged participants. That’s precisely why this cleansing was necessary, and I think we’ve achieved greater stability at current levels.” The wave of liquidations over the past few months has forced traders to reduce their exposure to perpetual contracts with high leverage in favor of options designed to protect against downside risks.