Goldman Sachs CEO David Solomon expressed surprise at the market's "mild" reaction to the Iran conflict and warned that investors might need several weeks to fully digest its impact. Despite oil prices soaring and the stock market declining, Bitcoin rose 5%, regaining the 20-day moving average at $68,718 and challenging the key super trend resistance at $72,497. Solomon noted that the U.S. economy is resilient but also warned that inflation could exceed expectations.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Goldman Sachs CEO David Solomon expressed surprise at the market's "mild" reaction to the Iran conflict and warned that investors might need several weeks to fully digest its impact. Despite oil prices soaring and the stock market declining, Bitcoin rose 5%, regaining the 20-day moving average at $68,718 and challenging the key super trend resistance at $72,497. Solomon noted that the U.S. economy is resilient but also warned that inflation could exceed expectations.