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BlackRock’s Mitchnick Says $40 Trillion U.S. Debt Strengthens Bitcoin’s Long-Term Case BlackRock digital-assets head Robbie Mitchnick said rising U.S. debt and persistent fiscal deficits are returning as a core market risk, pushing some investors toward alternative stores of value such as Bitcoin and gold as federal debt reached about $40.05 trillion on Aug. 18. Mitchnick said fiscal sustainability matters more to Bitcoin’s long-term valuation than the pending CLARITY Act, whose impact would be greater across areas such as DeFi.

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Wu Blockchain @WuBlockchain · 556K A
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Joe.hl @JoeWeb3z · D

@WuBlockchain Mounting national debt definitely changes the conversation around store of value assets.

Macro Bombastic @MacroBombastic · 11K D

@WuBlockchain mounting debt just keeps reinforcing the btc thesis tbh

Digi Maaya @DigiMaaya · 52K D

@WuBlockchain Fiscal concerns are becoming central to Bitcoin’s long term narrative. @DigiMaaya sees debt dynamics and regulatory clarity as separate but equally important forces

Takeshi Kovacs @technotorgun · D

@WuBlockchain If 40 trillion in debt were Bitcoin's real bid it would trade like gold when risk comes off. It does not. This is an ETF desk talking the product not a valuation framework.

Block By Block Solutions @BlockByBlockHQ · C

@WuBlockchain Long term thesis getting stronger