BlackRock: The appeal of Bitcoin as a reserve asset increases due to the US federal deficit and debt situation

A document written by some executives of BlackRock Asset Management giant, including BlackRock's ETF Chief Investment Officer Samara Cohen and Digital Assets Director Robert Mitchnick, shows that BlackRock has noticed people's concerns about the spiraling rise of the US $35 trillion fiscal deficit, attributing it to institutions' growing interest in Bitcoin. The document outlines: "Domestic and international concerns about the U.S. federal deficit and debt situation are increasing day by day, which enhances the appeal of potential alternative reserve assets as a hedge against events that may affect the dollar in the future."