BlackRock CEO predicts: inflation & interest rates still rising
Current situation in the banking sector is described by Lawrence Fink as the “price of easy money.” He believes that the collapse of Silicon Valley Bank could have led to a massive financial crisis, but the prompt response of regulators prevented serious consequences.
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Fink foresees an increase in Federal Reserve rates and more consistent inflation in the coming future.
With all this in mind, it is pertinent to remember the recommendation of Cardano's CEO, Charles Hoskinson, for those in the cryptocurrency industry to mitigate risks arising from unstable and fluctuating banks.
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