BlackRock has reinforced the view that Bitcoin may be the future of the financial sector, as the $9 trillion asset management company has selected Bitcoin as a protection against a sudden Federal Reserve dollar crisis.  

BlackRock Turns To Bitcoin For Safety

Fears concerning the collapse of the United States Dollar (USD) have resurfaced, with BlackRock, the world’s largest Bitcoin fund and asset manager, warning of the potential economic fallouts from the rising $35 trillion US debt pile. 

BlackRock wrote in a recent paper that the growing concerns about the US federal deficits and skyrocketing debts are leading numerous investors to explore other alternatives to the US dollar. This new shift not only applies to the US but also to other countries with struggling economic conditions and significant debt accumulation. 

Bitcoin, in this context, is being viewed as a safety net for a potential $35 trillion federal reserve dollar crisis. With the US debt growth accelerating in trillions over the years, BlackRock has highlighted the importance of Bitcoin in this dire economic environment. 

As investors’ worries grow about the stability of fiat currencies,

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Author: Scott Matherson

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