As concerns grow over the US debt crisis, the world’s largest asset management company BlackRockBitcoin $62,039It highlights (BTC) as an alternative investment vehicle. The company predicts that institutional investors will increase their interest in Bitcoin, stating that a potential debt crisis of $35 trillion could be encountered. According to BlackRock’s latest report, concerns about government deficits and debts in the US and other countries are increasing interest in alternative reserve assets.
Bitcoin Could Be an Alternative to US Dollar Instability
BlackRock’s ETF CIO Samara Cohenthe head of the cryptocurrency department and global macro manager for fixed income securities, emphasized in the report that the US’s rising budget deficits and public debt threaten the future stability of the US dollar. It was stated that this situation could push investors to alternative assets such as Bitcoin. The report stated, BitcoinIt is stated that can be considered as a strong protection tool against a possible dollar crisis.
The company made these predictions after the US Federal Reserve (Fed) recently cut interest rates by 50 basis points. The interest rate cut is expected to increase pressure on the US dollar and trigger inflation risk. This could increase the appeal of assets such as Bitcoin. BlackRock said institutional investors are the biggest crypto moneyHe predicts that interest in a will increase rapidly.
Increasing Corporate Interest
The report shows that not only individual investors but also institutional investors are increasingly turning to Bitcoin. Especially considering the economic uncertainties and inflation risk in the US, Bitcoin is a kind of safe haven It was stated that it was seen as.
BlackRock’s strategic approach is due to the increasing economic uncertainty in the US and the changes in the Fed’s monetary policies. crypto moneyThe company believes that Bitcoin will increasingly be preferred against a possible debt crisis in the US.
In general, BlackRock is among the major players considering Bitcoin as a potential alternative reserve asset. The company assesses that institutional interest in the largest cryptocurrency will increase further if the US economic problems deepen.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
