BlackRock CEO Larry Fink said he remains constructive on markets over the next 12 months, arguing that technological change should help improve profit margins for more companies. He pointed to BlackRock’s own performance over the past year, saying the firm’s margins rose by 260 basis points while it added $1 trillion in assets without increasing headcount.
Fink also said overall leverage in today’s market is below the levels seen in 2008 and 2009, and that implied leverage does not look elevated when measured against the current size of capital markets. At the same time, he cautioned that pockets of concentration risk may still exist in certain assets, financial products, or international markets.
On Bitcoin and the broader crypto market, Fink said he had long been concerned about excessive leverage and the number of leveraged participants in the space. In his view, after that leverage was cleared out, Bitcoin and crypto markets have become more stable at current levels.
BlackRock CEO Larry Fink said he is optimistic about markets over the next 12 months, adding that a technology revolution should help lift profit margins across more companies.
Fink said BlackRock’s margins increased by 260 basis points over the past 12 months. He also said the firm added $1 trillion in assets over that period without increasing its headcount.
He said current market leverage is lower than it was in 2008 and 2009, and that implied leverage is not high relative to the current size of capital markets. Still, he said concentration risk may remain in some assets, financial products, or international markets.
Speaking about Bitcoin and the crypto market, Fink said he had previously been concerned about leverage in the sector and that there had once been too many leveraged participants. He said Bitcoin and the broader crypto market are more stable at current levels after that leverage was cleared out.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
