BlackRock Report: Hedge With Bitcoin Against Fed’s $35T Debt Dilemma

BlackRock Report: Hedge With Bitcoin Against Fed’s $35T Debt Dilemma
фото показано с : bravenewcoin.com

2024-9-23 15:47

In a recent report, BlackRock points to a major change in investor sentiment driven by concerns about the stability of fiat currencies, especially the US dollar. The firm claims that Bitcoin’s distinct characteristics make it a practical hedge against geopolitical conflicts, fiscal uncertainty, and monetary risks.

With the US debt climbing higher each year, investors are increasingly searching for alternatives to traditional safe-haven assets. Bitcoin, with its decentralized nature and limited supply, is becoming a favored option for those looking to shield their wealth from potential currency depreciation.

Source: BlackRock

BlackRock Declares Bitcoin as a Safe Option

BlackRock’s analysis reveals that Bitcoin’s fundamental drivers differ significantly from traditional risk assets over the long term. Despite short-term price correlations with equities, the cryptocurrency’s non-sovereign monetary structure has fueled widespread global adoption, particularly during periods of economic uncertainty and political instability.

Source: BlackRock

Over the past five years, Bitcoin has increasingly been viewed as a “flight to safety” asset during disruptive global events. This trend has only accelerated as more institutional investors and corporations have begun to add Bitcoin to their balance sheets.

“Bitcoin’s nature as a scarce, non-sovereign, decentralized global asset has caused some investors to consider it as a flight to safety-option in times of fear and around certain geopolitically disruptive events,” said the report.

However, BlackRock is quick to point out that Bitcoin remains a highly volatile asset with its own set of unique risks. As an emerging technology still in the early stages of global adoption, Bitcoin faces regulatory challenges, immature systems, and obstacles to widespread acceptance.

Bitcoin’s Growing Role Amid Dollar Crisis

BlackRock’s warning about the US federal deficit and skyrocketing debts has reignited debates about the long-term stability of the US dollar. With the national debt now exceeding $35 trillion, concerns are growing about the potential for a currency crisis.

The asset manager’s paper suggests that these worries are not limited to the United States. Other countries facing economic challenges and significant debt accumulation are also exploring alternatives to dollar-denominated assets.

While BlackRock sees potential in Bitcoin as a protective asset against economic turmoil, it also acknowledges the cryptocurrency’s inherent risks. The company emphasizes that Bitcoin’s volatility and regulatory uncertainties make it a complex investment that requires careful consideration.

“Bitcoin is still very much a risky asset. It is an emerging technology that is still early in its adoption journey toward potentially becoming a global payment asset and store of value,” said the company.

Despite these challenges, BlackRock’s endorsement of Bitcoin as a potential hedge against a Fed dollar crisis represents a significant shift in institutional thinking. As more major financial players explore cryptocurrencies, the landscape of global finance continues to evolve.

Bitcoin Nears Crucial Price Levels

At the time of writing, Bitcoin is trading at $62,825, representing a 4364% increase over the past week, according to Brave New Coin’s Bitcoin Liquid Index. While this short-term trend appears bullish, analysts caution that the cryptocurrency is approaching critical resistance levels.

Source: Brave New Coin Bitcoin Liquid Index

Despite some positive indicators in the last week, Bitcoin’s price is still following a larger bearish trend. A true bullish reversal would require a breakout above the $68,000 resistance level, which has yet to be confirmed.

As Bitcoin approaches key resistance levels, market watchers are closely monitoring its performance. The cryptocurrency recently broke through a previous resistance, which now serves as support between $60,200 and $61,200. However, it faces new resistance in the $64,100 to $64,500 range. A confirmed breakout above this level could signal further upward momentum, with the next major resistance expected in the $67,000 to $68,000 range. Conversely, a pullback could find support around $63,000, with stronger support between $60,000 and $61,000.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97640.98 (+0.24%)
Объем 24H $91.1b
Изменеия 24h: 4.47 %, 7d: 7.13 %
Cегодня L: $94006.77 - H: $97681.32
Капитализация $1931.862b Rank 1
Цена в час новости $ 63257.77 (54.35%)

against bitcoin blackrock offer much terms potential

against bitcoin → Результатов: 126


New Zealand PM Used As Pawn In Fake News Site

Jacinda Arden, Prime Minister of New Zealand has had her face used by a fake news site in order to promote articles aimed at Facebook to encourage a crypto startup. A local media source, ‘Stuff’ reported on Friday that multiple sponsored posts have recently been promoted on Facebook by using the likeness of the New Zealand PM with headlines such as New Investment Plan For Kiwis which were targeted at several different age groups around the country.

2018-10-12 16:30


Nouriel Roubini Tries to Attack Bitcoin by Saying Fees Cost $55, Fails

Global economist Nouriel Roubini expressed his rage against Bitcoin and blockchain while displaying his profound lack of understanding in the field. A Political Rap against Crypto Roubini was present at an informational hearing round “Exploring the Cryptocurrency and Blockchain Ecosystem” organized by the US Senate Committee on Banking, Housing, and Urban Affairs, alongside Peter Van.

2018-10-12 10:38


TRON (TRX) Main-Network Block Record 3 Mil: Lowest Price Weekly Decline

With coin values hitting surprising lows against the US Dollar following the leader Bitcoin’s BTC dump, it is best to sit back while not rushing anything and figure out the what to do next. One of the digital assets that is growing both its supporting community and technological potential with no stop is TRON [TRX] […] The post TRON (TRX) Main-Network Block Record 3 Mil: Lowest Price Weekly Decline appeared first on Ethereum World News.

2018-10-12 01:37