Prepare for Recession: Musk and Goldman Sachs’ Blankfein Weigh In; Galaxy Digital’s CEO Talks on Terra Collapse — Bitcoin.com న్యూస్ వీక్ ఇన్ రివ్యూ

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Prepare for Recession: Musk and Goldman Sachs’ Blankfein Weigh In; Galaxy Digital’s CEO Talks on Terra Collapse — Bitcoin.com న్యూస్ వీక్ ఇన్ రివ్యూ

This week, both Goldman Sachs’ Lloyd Blankfein and Tesla boss Elon Musk weighed in on the issue of an impending recession in the U.S., issuing sobering estimations. In the wake of Terra’s epic implosion, the topic is all the more critical, but LUNA-tattooed Galaxy Digital CEO Mike Novogratz still thinks the “crypto revolution is here to stay.” This is the Bitcoin.com న్యూస్ వీక్ ఇన్ రివ్యూ.

Goldman Sachs’ Blankfein Advises Companies and Consumers to Prepare for US Recession — Says It’s a ‘Very, Very High Risk’

Lloyd Blankfein, a former Goldman Sachs CEO who is now the firm’s senior chairman, has warned about an impending recession in the U.S. Blankfein says that companies and consumers should prepare, and stressed that it’s a “very, very high risk.”

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Elon Musk: US Economy Is Probably in Recession That Could Last 18 Months — Warns It ‘Will Get Worse’

Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zillion more money than it had.”

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Onchain విశ్లేషణ నివేదిక టెర్రా చెప్పారు Bitcoin రిజర్వ్‌లు పంపబడ్డాయి Binance మరియు జెమిని

After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend UST’s $1 parity. On Friday last week, the blockchain intelligence and analytics firm, Elliptic, published a blog post that summarizes where the bitcoin was sent, according to the firm’s network surveillance tools.

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బిలియనీర్ ఇన్వెస్టర్ మరియు గెలాక్సీ డిజిటల్ CEO మైక్ నోవోగ్రాట్జ్ టెర్రా లూనా మరియు UST ఫాల్అవుట్ గురించి ప్రసంగించారు.

On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terra project, and the investor even got a LUNA-centric tattoo on his arm. Despite the recent events and losses the crypto economy felt this past week, Novogratz stressed that he still firmly believes the “crypto revolution is here to stay.”

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Do you think a recession is on the way? How will crypto fare through it all, if so? Let us know your thoughts in the comments section below.

అసలు మూలం: Bitcoin.com