Larry Fink, CEO of BlackRock, warns that a U.S. moratorium on data center construction could trigger a recession. He states that the American economy heavily relies on massive investments in artificial intelligence infrastructure. Wall Street analysts estimate these expenditures could reach $1 trillion in 2027 and exceed $5 trillion by 2030. This warning carries particular significance for the cryptocurrency sector given Bitcoin’s macro sensitivity. BlackRock, which manages the leading spot Bitcoin ETF, reported better-than-expected third-quarter earnings.
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