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Bitcoin's Reserve Asset Appeal Increased Due To State Of US Federal Deficit And Debt, Says BlackRock: A Hedge Against 'Possible Future Events' Affecting The Dollar
Thursday, September 19, 2024 - 10:07pm | 590In the face of a $35 trillion federal debt crisis, global asset manager BlackRock Inc. (NYSE:BLK) strategically advocated for Bitcoin (CRYPTO: BTC) as a safeguard, potentially raising the upside potential of the world’s largest cryptocurrency. What Happened: BlackRock noted concerns about the...
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Bitcoin As A Reserve Asset? Senator Cynthia Lummis Fuels Speculation
Friday, July 26, 2024 - 4:28pm | 543Republican Senator Cynthia Lummis, a staunch supporter of cryptocurrency, recently grabbed the crypto community’s attention with a cryptic post. On Monday, she posted on X, "₿ig things are in store this week. Stay tuned!" The use of the Bitcoin symbol ignited speculation about potential...