The post BlackRock Prepares for $35 Trillion Fed Crisis, Bitcoin Boom Next appeared on BitcoinEthereumNews.com.

BlackRock predicts a crisis as the US debt spirals and the Fed cuts rates for the first time since the 2020 COVID pandemic. The company says Bitcoin is a “unique diversified” in a recent paper, saying that it could offer the best alternative investment amid global political tensions. It was a historic week as the US Federal Reserve cut interest rates for the first time since the 2020 COVID-19 pandemic., ending its longest streak of rate hikes in a decade. While some say the move will improve the country’s well-being, BlackRock revealed that it anticipates a crisis as the US debt spirals, and Bitcoin could be the safest haven. BlackRock revealed in a recent paper to investors that the rising debt is creating “growing concerns” with investors. BlackRock just put out a nine-page white paper that makes case for bitcoin ETF as a “unique diversifier” that can hedge against fiscal, monetary and geopolitical risks, also incl section called “Bitcoin’s path to $1 trillion market cap” 👀 Read whole thing here:… pic.twitter.com/mRzDpw4aSP — Eric Balchunas (@EricBalchunas) September 18, 2024 The paper, titled “Bitcoin: A Unique Diversifier” and authored by Chief Investment Officer of ETF Samara Cohen and two of her colleagues, proposed Bitcoin as one of the most viable alternative investments. BlackRock stated: The growing concerns in the U.S. and abroad over the state of U.S. federal deficits and debt has increased the appeal of potential alternative reserve assets as a potential hedge against possible future events affecting the U.S. dollar. With the entry of the likes of BlackRock and Fidelity into the Bitcoin sector through their spot ETFs, the top token has become more intertwined with traditional finance. This has resulted in questions on whether the crypto is still a ‘risk-off’ asset and a viable hedge against the other assets.…

---

Filed under: News - @ September 20, 2024 8:26 pm