According to ChainCatcher, global asset management giant BlackRock said that as the US federal debt has reached 35 trillion US dollars, the market's interest in Bitcoin as a reserve asset has increased.
BlackRock ETF chief investment officer Samara Cohen and head of digital assets Robert Mitchnick noted that concerns about the spread of the U.S. federal deficit and debt problems are driving widespread institutional interest in Bitcoin.
BlackRock CEO Larry Fink has called Bitcoin a hedge against inflation, especially amid rising global tensions and the threat of de-dollarization.
