Wu Blockchain (@WuBlockchain): BlackRock’s Mitchnick Says $40 Trillion U.S. Debt Strengthens Bitcoin’s Long-Term Case
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BlackRock’s Mitchnick Says $40 Trillion U.S. Debt Strengthens Bitcoin’s Long-Term Case BlackRock digital-assets head Robbie Mitchnick said rising U.S. debt and persistent fiscal deficits are returning as a core market risk, pushing some investors toward alternative stores of value such as Bitcoin and gold as federal debt reached about $40.05 trillion on Aug. 18. Mitchnick said fiscal sustainability matters more to Bitcoin’s long-term valuation than the pending CLARITY Act, whose impact would be greater across areas such as DeFi.