Bitcoin and crypto prices have surged over the last week, helped by growing expectations of a huge China stimulus bombshell. The bitcoin price has touched its all-time high of just under $74,000 per bitcoin as Tesla billionaire Elon Musk declares a “financial emergency” that some think will send the bitcoin price even higher. Now, as the Federal Reserve grapples with a “nightmare” scenario, Larry Fink, the chief executive of the world’s largest asset manager BlackRock, has warned he doesn’t think the Fed is going to cut rates at the pace expected by markets. “We’re not going to see interest rates as low as people are forecasting,” Fink, who oversees BlackRock’s $10 trillion in assets, said during a Bloomberg panel that was part of Saudi Arabia’s annual flagship investment conference, the Future Investment Initiative. Fink predicted just one Fed interest rate cut before 2025 against market expectations of two. “I think it’s fair to say we’re going to have at least a 25 (basis-point cut), but, that being said, I do believe we have greater embedded inflation in the world than we’ve ever seen,” Fink warned. Last month, the Fed surprised traders with a 50 basis point cut to interest rates, kicking off a reduction cycle after interest […]