BlackRock Predicts Growing Institutional Interest in Cryptocurrency Due to U.S. Debt Concerns

BlackRock’s latest report predicts a surge in institutional adoption of cryptocurrencies driven by the anticipated increase in U.S. debt, which is projected to exceed $38 trillion. The report, citing CoinDesk, suggests that traditional hedging tools may prove insufficient as institutions shift towards digital assets like Bitcoin in response to potential economic vulnerabilities and leverage risks associated with artificial intelligence. BlackRock anticipates significant revenue generation through Bitcoin ETFs and has identified