BlackRock CEO: We are optimistic about the market over the next 12 months. After leverage in the crypto market has been cleared, it is now more stable.

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Golden Finance reported that on July 16, according to Bitcoin.com, BlackRock CEO Larry Fink, in an interview with CNBC, said he is “very optimistic” about the market over the next 12 months, believing that the technological revolution will drive more companies to achieve better profit margins. Fink noted that the leverage levels in the current financial system are far lower than during the 2008-2009 financial crisis, with overall risk exposure limited, but he warned that localized risks still exist. Regarding Bitcoin, Fink said that the previous crypto cycle had too many leveraged participants; after multiple rounds of liquidations, Bitcoin and the crypto market are now more stable. Over the past 12 months, BlackRock increased its technology-enabled profit margin by 260 basis points and added $1 trillion in assets without increasing headcount.
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