Blankfein Musk and Goldman Sachs weigh in; Galaxy Digital CEO Talks About Terra Collapse – Bitcoin.com News Week Review – Bitcoin Weekly News

This week, Goldman Sachs’ Lloyd Blankfein and Tesla CEO Elon Musk pondered the question of an impending US recession, and issued sobering estimates. In the wake of Terra’s epic implosion, the topic is becoming more important, but LUNA tattooed Galaxy Digital CEO Mike Novogratz still believes the “crypto revolution is here to stay.” This is the Bitcoin.com News Week under review.

Preparing for an Economic Recession: Blankfein Musk and Goldman Sachs weigh in;  Galaxy Digital CEO Talks Terra Collapse - Bitcoin.com News Week Review

Goldman Sachs’ Blankfein advises businesses and consumers to prepare for a US recession – says it’s ‘a very, very big risk’

Lloyd Blankfein, the former CEO of Goldman Sachs who is now the company’s first chairman, warned of an impending recession in the United States, with Blankfein saying businesses and consumers should prepare, and stressing that it is a “very, very high risk.”

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Elon Musk: The US economy is likely to suffer an 18-month recession - warns that it will 'get worse'

Elon Musk: The US economy is likely to suffer an 18-month recession – warns that it will ‘get worse’

Elon Musk, CEO of Tesla and Spacex, says the US economy may be in a recession, and it could be “difficult” for 12 to 18 months. He added, “The honest reason for inflation is that the government printed two million dollars more than it printed.”

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

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

After the collapse of the once-stable Terrausd (UST) coin, a number of people wondered where the Luna Foundation Guard (LFG) bitcoin had gone, as the money was supposed to be used to defend the UST parity of $1. On Friday last week, blockchain intelligence and analytics firm Elliptic published a blog post summarizing where to send bitcoin, according to the company’s network monitoring 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 Terra Luna and UST Fallout

On May 18, billionaire investor and crypto proponent Mike Novogratz published a post about the latest Terra blockchain fallout. Novogratz and his company Galaxy Digital were such a firm believer in the Terra project that the investor even got a LUNA tattoo on his arm. Despite the recent events and losses that have been felt in the cryptocurrency economy last week, Novogratz asserted that he still firmly believes that “the crypto revolution is here to stay.”

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Tags in this story

BinanceAnd BlankfeinAnd CollapseAnd coding revolutionAnd cipher tattoosAnd do kwonAnd economicsAnd Elon MuskAnd Galaxy DigitalAnd TwinsAnd Goldman SachsAnd economic inflationAnd Lloyd BlankfeinAnd colorAnd Mike NovogratzAnd Onchain AnalysisAnd recessionAnd tattooAnd TeraAnd American recessionAnd USTAnd A week in review

Do you think a recession is on the way? How will the encryption go through all of that, if so? Let us know your thoughts in the comments section below.

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