PANews reported on April 13 that according to Cryptodnes, BlackRock CEO Larry Fink warned of a possible recession in the United States in an interview with CNBC, warning that the recession may have already begun. Larry Fink pointed to rising economic pressures and protectionist trade policies as the key drivers behind what he believes is a slow economic contraction. While concerns about a recession often disrupt traditional markets, cryptocurrency investors may have reason to be excited. The coming economic slowdown could prompt the Federal Reserve to reverse its monetary tightening policy, potentially releasing a new wave of liquidity. According to analysts, this situation could be a major catalyst for digital assets such as Bitcoin.

Larry Fink’s comments are in line with similar predictions from major Wall Street institutions such as JPMorgan Chase, Deutsche Bank and Goldman Sachs. On decentralized prediction markets such as Kalshi and PolyMarket, traders are also increasingly betting that a U.S. recession is imminent.