Bitcoin’s Reserve Asset Appeal Increased Due To State Of US Federal Deficit And Debt, Says BlackRock: A Hedge Against ‘Possible Future Events’ Affecting The Dollar – BlackRock (NYSE:BLK)
In the face of a $35 trillion federal debt crisis, global asset manager BlackRock Inc. BLK strategically advocated for Bitcoin BTC/USD as a safeguard, potentially raising the upside potential of the world’s largest cryptocurrency. What Happened: BlackRock noted concerns about the spiraling $35 trillion U.S. fiscal deficit, attributing it as a significant driver of growing … Read more
