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Rising US debt and deficits boost Bitcoin's appeal as a long-term investment, says BlackRock's Robbie Mitchnick.

Market News
27 Aug 2026, 08:36 WIB
Crypto news
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Bullish
Rising US debt and deficits boost Bitcoin's appeal as a long-term investment, says BlackRock's Robbie Mitchnick.

BlackRock's Robbie Mitchnick highlights that the growing US federal debt, now over $40 trillion, and persistent fiscal deficits are renewing investor interest in Bitcoin as a long-term store of value. He argues that concerns about fiscal sustainability are more influential on Bitcoin's valuation than pending crypto market regulations. Despite Bitcoin's recent price volatility, its rise amid market stress reflects its potential as a digital alternative to traditional assets like gold. Future Bitcoin performance will depend on fiscal data, Treasury borrowing, bond yields, and market conditions rather than regulatory changes alone.

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