Bitcoin’s macro case is strengthening even as regulation takes a back seat, says BlackRock’s digital assets head
6 Articles
6 Articles
Bitcoin’s macro case is strengthening even as regulation takes a back seat, says BlackRock’s digital assets head
The flagship cryptocurrency's recent rally parallels its history of rebounding whenever investor sentiment toward other assets cools, says BlackRock's Mitchnick.
BlackRock's Robert Mitchnick says Bitcoin's macro case strengthens amid fiscal concerns
Bitcoin's appeal as a hedge against fiscal instability grows, potentially reshaping institutional investment strategies and portfolio diversification. The post BlackRock’s Robert Mitchnick says Bitcoin’s macro case strengthens amid fiscal concerns appeared first on Crypto Briefing.
BlackRock’s Robert Mitchnick says Bitcoin’s macro case strengthens amid fiscal concerns
Bitcoin's appeal as a hedge against fiscal instability grows, potentially reshaping institutional investment strategies and portfolio diversification. The post BlackRock’s Robert Mitchnick says Bitcoin’s macro case strengthens amid fiscal concerns appeared first on Crypto Briefing .
According to ChainCatcher, citing Cryptopolitan, Robbie Mitchnick, head of digital assets at BlackRock, stated that Bitcoin's recent surge is closely related to the US's $40 trillion debt problem. The US federal debt surpassed $40 trillion on August 18th, doubling since 2017, with interest payments approaching $1 trillion, accounting for over 14% of total federal spending. Mitchnick stated that debt and deficit levels are the market's primary co…
BlackRock says Bitcoin’s real bull case is the $40 trillion US debt problem
BlackRock (NYSE: BLK) says Bitcoin’s latest move is tied more closely to America’s debt load than to another crypto policy fight. The U.S. total has now moved past $40 trillion, and BlackRock digital assets chief Robbie Mitchnick says that backdrop is pushing some investors toward Bitcoin as protection against fiscal pressure. Robbie told reporters that Bitcoin’s recent bounce fits a pattern he has watched for years. He said the asset often reco…
BlackRock's Robbie Mitchnick: Easing Regulatory Concerns Boost Bitcoin's Macro Appeal
BitcoinWorld BlackRock’s Robbie Mitchnick: Easing Regulatory Concerns Boost Bitcoin’s Macro Appeal Robbie Mitchnick, BlackRock’s Head of Digital Assets, said in a recent CNBC interview that Bitcoin’s macroeconomic appeal is strengthening as regulatory concerns ease. The comments come at a time when institutional interest in digital assets is being reshaped by a shifting regulatory landscape and growing acceptance of cryptocurrencies as a legiti…
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