BlackRock CEO Larry Fink said Monday that stocks could fall 20% as the US begins imposing aggressive tariffs on its trading partners, plunging markets into bearish territory.
US President Donald Trump imposed 10% tariffs on all US imports on April 5, sparking retaliatory measures from China and the European Union while sparking fears of a global trade war.
BlackRock CEO Larry Fink says he sees the recent selloff in US equities as a buying opportunity during an interview with Erik Schatzker at The Economic Club of New York https://t.co/me3X0eGFCX pic.twitter.com/J3HIT0clTb
— Bloomberg TV (@BloombergTV) April 7, 2025
Blackrock CEO Fink Calls Current Climate “More Of A Buying Opportunity”
The BlackRock CEO spoke at the Economic Club of New York on Monday (April 7). During his speech, Fink shared that many of his contemporaries believe the current market conditions are a sign the US has just entered an economic recession.
“Most CEOs I talk to would say we are probably in a recession right now,” Fink said. Despite the bearish sentiment, he told investors the market turbulence presented “more of a buying opportunity than a selling opportunity.”
Fink finished by stating that the carnage did not pose systemic risks but dropped a bombshell: ” That doesn’t mean we can’t fall another 20% from here, too.”
The comments from the CEO of the world’s largest asset manager come as investors panic over a widespread market crash triggered by President Trump’s economic policy.
Notably, Trump’s tariffs have led to many analysts calling, saying they will trigger a global recession. Yesterday, President Trump doubled down on his tariffs, taking to X and telling his X followers to “Be Strong, Courageous, and Patient, and GREATNESS will be the result!”
In the bizarre post, Trump said; “Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!)”
The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!
— Donald J. Trump (@realDonaldTrump) April 7, 2025
Bulls Should Be Following Blackrock Advice And Buying The Dip
Per CoinGecko, the combined market cap of the crypto market currently stands at $2.59 trillion, down from $2.82 trillion just one week ago.
Of those digital assets, Bitcoin and Ethereum, the two largest cryptos by market cap, are down 4.8% and 15.7% in the same period, respectively.
At the time of writing, BTC is trading at around $79,300, having rebounded from Monday’s lows of $74,900. ETH has experienced less of a recovery, trading at $1560 after slipping to $1475 yesterday.
Over the past week, only one cryptocurrency within the top 50 has suffered a drop of more than 20%. Aave (AAVE) is down 20.7% in the last seven days, taking the World Liberty Financial-linked DeFi platform below $2 billion in market cap.
Zooming out on the current market conditions, one should remember that during the 2021 bull run, Bitcoin crashed more than 50%, falling from $63,500 to $29,900.
In context, BTC is currently down around 25% from its January 2025 all-time high of $106,100. While this could indicate that a further slide is on the cards, as Larry Fink said, it also highlights that this volatility is nothing unheard of during a bull run.
While sectors such as meme coins may struggle to regain the Q4 2024 Pump.fun highs, blue-chip projects across emerging industries such as DeFi, RWA, DeSci, AI, will likely still have their day in the sun.
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BONUS: BTC Bull (BTCBULL) Is The Perfect Play For Those Betting On A Crypto Comeback
If you are heeding the advice from Larry Fink that current market conditions are a buying opportunity, look no further than BTC Bull (BTCBULL). This new meme coin project comes packed with utility that incentivizes long-term growth via its planned Bitcoin airdrops and BTCBULL token burns.
By simply holding BTCBULL, investors will receive native BTC airdrops straight to their wallets every time Bitcoin hits a pre-planned price milestone.
Starting once the leading cryptocurrency hits $150,000, the Bitcoin airdrops will continue at every $50,000 price increase, all the way up to the holy grail, which is $1 million per BTC.
Anyone with a long-term belief in Bitcoin should hold BTCBULL to increase your BTC stack with every airdrop. The amount received via the airdrops will be weighted against the amount of BTCBULL one holds.
There is also a planned token burn mechanism, which, like the airdrops, happens at every $50,000 increase for BTC. However, the token burns start even sooner, at $125,000 per Bitcoin, meaning endless utility and buy pressure for BTC Bull.
How To Buy BTC Bull Before The Airdrops Begin
Visit the BTC Bull Token website and purchase $BTCBULL using ETH, USDT, or a bank card.
For the best experience, use Best Wallet – the recommended wallet that fully integrates BTC Bull Token’s Bitcoin rewards feature.
By holding your $BTCBULL tokens in Best Wallet, you’ll automatically qualify for Bitcoin airdrops, delivered straight to your BTC wallet address inside the app.
Best Wallet is available on Google Play or the Apple App Store.
Stay connected with the BTC Bull Token community on X and Telegram for the latest updates.
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Join The 99Bitcoins News Discord Here For The Latest Market Updates
Larry Fink calls the current market conditions a 'buying opportunity'
- While investors are panicking that President Trump has ignited a global trade war with new tariffs, Fink says buy the dip
- BlackRock CEO does also state that a further 20% slide from here could be on the cards
- BTC Bull hits $4.5m in presale funding as investors stack BTCBULL to maximize upcoming Bitcoin airdrops
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