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

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Gold Bitcoin coin balancing on a seesaw between a red downward arrow and a white upward arrow.

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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 …

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