₿ BlackRock: US debt $40 trillion — the main argument for Bitcoin
BlackRock’s head of digital assets, Robbie Mitchnik, said that the growth of US public debt and chronic budget deficits are becoming a key market concern, pushing investors toward alternative stores of value—Bitcoin and gold.
In his view, Bitcoin’s long-term valuation is determined primarily by the sustainability of government finances rather than by short-term regulatory developments. The US federal debt reached about $40.05 trillion as of August 18.
$BTC
BlackRock’s head of digital assets, Robbie Mitchnik, said that the growth of US public debt and chronic budget deficits are becoming a key market concern, pushing investors toward alternative stores of value—Bitcoin and gold.
In his view, Bitcoin’s long-term valuation is determined primarily by the sustainability of government finances rather than by short-term regulatory developments. The US federal debt reached about $40.05 trillion as of August 18.
$BTC
