BlackRock CEO: Bitcoin and crypto market more stable after leverage is cleared
2026-07-16 01:08
Odaily Planet Daily News: Larry Fink, CEO of BlackRock, the world's largest asset management company, stated that he is bullish on the market over the next 12 months, and that the technological revolution will drive more companies to improve their profit margins. He noted that BlackRock's profit margin has increased by 260 basis points over the past 12 months, and the firm has added $1 trillion in assets without increasing its headcount.
Larry Fink stated that the current market leverage level is lower than in 2008 and 2009, and implied leverage is not high relative to the current size of the capital markets. He also noted that there could still be concentration risk in certain assets, financial products, or international markets.
Larry Fink expressed that he had previously been concerned about leverage in the Bitcoin and crypto markets, noting that there were too many leveraged participants. He believes that after the leverage has been cleared, the Bitcoin and crypto markets are more stable at current levels.
Larry Fink stated that the current market leverage level is lower than in 2008 and 2009, and implied leverage is not high relative to the current size of the capital markets. He also noted that there could still be concentration risk in certain assets, financial products, or international markets.
Larry Fink expressed that he had previously been concerned about leverage in the Bitcoin and crypto markets, noting that there were too many leveraged participants. He believes that after the leverage has been cleared, the Bitcoin and crypto markets are more stable at current levels.
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