BlackRock CEO: Economic recession may have already begun, and economic slowdown has become a catalyst for BTC and other digital currencies.

According to a report by Cryptodnes on April 13, Larry Fink, the CEO of BlackRock, has warned about a potential economic recession in the United States, stating that it may have already begun. In an interview with CNBC, Fink pointed out that the increasing economic pressures and protectionist trade policies—especially the tariffs from the Trump era—are key driving factors behind what he believes is a slow economic contraction. While concerns about a recession typically unsettle traditional markets, cryptocurrency investors may have reason to cheer. The impending economic slowdown could prompt The Federal Reserve (FED) to alter its path of monetary tightening, potentially triggering a new wave of Liquidity. Analysts suggest that this scenario could become a major catalyst for digital assets like Bitcoin.

Fink’s comments follow similar predictions from major Wall Street institutions including JPMorgan Chase, Deutsche Bank, and Goldman Sachs. Bitwise Chief Investment Officer Matt Hougan believes that a weak dollar could boost Bitcoin in the short term and may open the door for BTC to gain traction as an alternative global reserve asset in the long run.