$40T Debt Is Bitcoin’s Real Bull Case, Says BlackRock Exec

The post $40T Debt Is Bitcoin’s Real Bull Case, Says BlackRock Exec appeared first on Coinpedia Fintech News

BlackRock digital assets head Robbie Mitchnick said rising US debt and persistent fiscal deficits are becoming a core market concern, pushing some investors toward alternative stores of value like Bitcoin and gold. Federal debt reached roughly $40.05 trillion on August 18. Mitchnick said fiscal sustainability matters more to Bitcoin’s long-term valuation than the pending Clarity …