Plan for Recession: Musk and Goldman Sachs’ Blankfein Weigh In; Galaxy Digital’s CEO Talks on Terra Collapse — News Week in Review – The Weekly Bitcoin News

Prepare for Recession: Musk and Goldman Sachs' Blankfein Weigh In; Galaxy Digital's CEO Talks on Terra Collapse — News Week in Review – The Weekly Bitcoin News

This week, both Goldman Sachs’ Lloyd Blankfein and Tesla manager Elon Musk said something regarding the issue of a looming downturn in the U.S., giving sobering assessments. Directly following Terra’s incredible collapse, the subject is even more basic, yet LUNA-inked Galaxy Digital CEO Mike Novogratz actually thinks the “crypto revolution is here to stay.” This is the News Week in Review.

Prepare For Recession: Musk And Goldman Sachs' Blankfein Weigh In; Galaxy Digital's Ceo Talks On Terra Collapse — News Week In Review

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

Lloyd Blankfein, a previous Goldman Sachs CEO who is currently the company’s senior director, has cautioned about an approaching downturn in the U.S. Blankfein says that organizations and buyers ought to get ready, and focused on 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'

Elon Musk: US Economy Is Probably in Recession That Could Last year and a half — Warns It ‘Will Get Worse’

Tesla and Spacex CEO Elon Musk says that the U.S. economy is most likely in a downturn and it very well may be “tough going” for 12 to year and a half. He added: “The honest reason for inflation is that the government printed a zillion more money than it had.”

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Onchain Analysis Report Says Terra'S Bitcoin Reserves Were Sent To Binance And Gemini

Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

After the breakdown of Terra’s once-steady coin terrausd (UST), various individuals pondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the assets should be utilized to safeguard UST’s $1 equality. On Friday last week, the blockchain knowledge and examination firm, Elliptic, distributed a blog entry that sums up where the bitcoin was sent, as indicated by the association’s organization observation tools.

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Billionaire Investor And Galaxy Digital Ceo Mike Novogratz Addresses Terra Luna And Ust Fallout

Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout

On May 18, the extremely rich person financial backer and crypto defender Mike Novogratz distributed a post about the new Terra blockchain aftermath. Novogratz and his firm Galaxy Digital were enormous professors in the Terra project, and the financial backer even got a LUNA-driven tattoo on his arm. Regardless of the new occasions and misfortunes the crypto economy felt this previous week, Novogratz focused on that he still solidly accepts the “crypto revolution is here to stay.”

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Labels in this story

Binance, Blankfein, breakdown, crypto unrest, Crypto Tattoos, do kwon, financial aspects, Elon Musk, Galaxy Digital, Gemini, Goldman Sachs, expansion, Lloyd Blankfein, LUNA, Mike Novogratz, Onchain examination, Recession, Tattoo, Terra, U.S. downturn, UST, Week in Review

Do you suppose a downturn is coming? How might crypto charge through everything, provided that this is true? Tell us your considerations in the remarks area underneath.

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