$BTC Head of digital assets at the world's largest asset management company, BlackRock estimates that Cryptocurrency could benefit from an unstable economic environment, which is assessed to have a positive impact on the digital assets industry. According to a BlackRock executive, the prospect of a recession in the United States could serve as a strong catalyst for Bitcoin.

In his interview with Yahoo Finance, Robbie Mitchnick, head of digital assets at BlackRock, stated: "I don't know if we will experience a recession or not, but a recession will be a big catalyst for Bitcoin." According to Mitchnick, Bitcoin is driven by factors that typically emerge during recessions, including increased fiscal spending, accumulation of deficits, lower interest rates, and monetary stimulus. "And that is triggered by fears of social chaos in general. And unfortunately, that can also happen during a recession," he added.