BlackRock: Surprising 2023 US Economic Strength Could Boost Crypto Markets, But Uncertainties Remain
• BlackRock predicts the surprising strength of the 2023 US economy could increase investor confidence and positively impact crypto markets
• Questions remain about future Fed policies and their potential indirect effects on crypto markets post 2023
• An unexpected 2023 liquidity expansion contrasts with initial predictions of a crunch, possibly spilling over to encourage crypto investment
• Diverging economic trajectories for China and Japan could influence global capital flows and risk appetites tied to crypto
• BlackRock identifies 3 key 2024 events stubborn services inflation, downward pressure on the US dollar, and positive Eurozone economic outlooks