Wu Says he learned that BlackRock CEO Larry Fink, in an interview with CNBC, said he is optimistic about the market’s performance over the next 12 months. He believes that the technological revolution will push more companies to improve profit margins. He thinks the crypto market previously had excessive leverage, so it must go through a round of cleanup. He added that current price levels are now more stable. He believes that measured by the current size of the capital markets, overall implied leverage is not high, and the main risks are concentrated in local areas.

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Tangerine-FlavoredPullback
· 2h ago
A technical revolution boosts profit margins—this script is something we heard in 2021.
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MemeHobo
· 3h ago
Larry Fink finally backed off—he had previously been calling for zero.
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GasAuctioneer
· 3h ago
Before institutions come in, they first wash the leverage clean—old routine.
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PepeObserver
· 3h ago
BlackRock’s own ETFs have pulled in so much now, and it says it’s stable—those who understand get it.
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