Prepare for Recession: Musk and Goldman Sachs’ Blankfein Weigh In; Galaxy Digital’s CEO Talks on Terra Collapse — Bitcoin.com News Week in Review

This week, Goldman Sachs’ Harold Lloyd Blankfein and Tesla boss Elon Musk weighed in on the problem of an imminent recession within the U.S., supplying serious estimations. Within the wake of Terra’s epic implosion, the subject is all the more important, however LUNA-tattooed Galaxy Digital chief executive officer electro-acoustic transducer Novogratz still thinks the “crypto revolution is here to remain.” This is often the Bitcoin.com News Week in Review.

Goldman Sachs’ Blankfein Advises corporations and customers to organize for United States Recession — Says It’s a ‘Very, Terribly High Risk’

Lloyd Blankfein, a former Goldman Sachs chief executive officer who is currently the firm’s senior chairman, has warned regarding AN imminent recession within the U.S. Blankfein says that corporations and customers ought to prepare, and stressed that it’s a “very, terribly high risk.”

Elon Musk: United States Economy is perhaps in Recession that might Last 18 Months — Warns It ‘Will Get Worse’

Tesla and Spacex chief executive officer Elon Musk says that the U.S. economy is perhaps during a recession and it may well be “tough going” for twelve to eighteen months. He added: “The honest reason for inflation is that the govt. written zillion more cash than it had.”

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

After the collapse of Terra’s once-stable coin terrausd (UST), a variety of individuals puzzled wherever the Luna Foundation Guard’s (LFG) bitcoin went, because the funds were pre supposed to be wont to defend UST’s $1 parity. On Fri last week, the blockchain intelligence and analytics firm, Elliptic, printed a web log post that summarizes wherever the bitcoin was sent, consistent with the firm’s network police work tools.

Billionaire Investor and Galaxy Digital chief executive officer electro-acoustic transducer Novogratz Addresses the Terra Luna and UST Fallout

On May 18, the wealthy person capitalist and crypto soul Mike Novogratz printed a post regarding the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were huge believers within the Terra project, and also the capitalist 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 remain.”