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BlackRock sees a US$35 trillion crisis ahead and bets on Bitcoin
At an event in Faria Lima, even more recent and organized by MB, Jay Jacobs, Head of Thematics and Active Equity ETFs at BlackRock criticized fiat currencies and spoke about US inflation.
The largest asset manager in the world with US$$ 9 trillion under management, BlackRock, has been defending the volatility of Bitcoin for months, and says it is betting on it to protect itself from an imminent crisis in the US. According to experts, the asset manager is preparing to be ahead of a financial crisis in the US, which would come about due to an uncontrolled debt issuance.
In line with BlackRock, the richest man in the world, Elon Musk, has already expressed his opinion about a possible “total collapse” of the dollar. Musk has commented on his social media several times that the Federal Reserve was in danger by issuing so much debt.
Now, BlackRock argues that as fears mount, the US dollar is “on the verge of total collapse,” and the world’s largest asset manager has warned of “growing concerns” surrounding the growing pile of US$$ 35 trillion in US debt that is expected to generate “institutional interest in bitcoin.”
In fact, US debt already stands at over US$$ 36 trillion. As such, it is at alarming levels and could further aggravate the economic situation by the end of 2024.
Furthermore, it was not only at this time that BlackRock criticized the US position on economic measures in the country. At an event in Faria Lima, even more recent and organized by MB, Jay Jacobs, Head of Thematics and Active Equity ETFs at BlackRock criticized fiat currencies and spoke about US inflation.
#BecomeCreator
At an event in Faria Lima, even more recent and organized by MB, Jay Jacobs, Head of Thematics and Active Equity ETFs at BlackRock criticized fiat currencies and spoke about US inflation.
The largest asset manager in the world with US$$ 9 trillion under management, BlackRock, has been defending the volatility of Bitcoin for months, and says it is betting on it to protect itself from an imminent crisis in the US. According to experts, the asset manager is preparing to be ahead of a financial crisis in the US, which would come about due to an uncontrolled debt issuance.
In line with BlackRock, the richest man in the world, Elon Musk, has already expressed his opinion about a possible “total collapse” of the dollar. Musk has commented on his social media several times that the Federal Reserve was in danger by issuing so much debt.
Now, BlackRock argues that as fears mount, the US dollar is “on the verge of total collapse,” and the world’s largest asset manager has warned of “growing concerns” surrounding the growing pile of US$$ 35 trillion in US debt that is expected to generate “institutional interest in bitcoin.”
In fact, US debt already stands at over US$$ 36 trillion. As such, it is at alarming levels and could further aggravate the economic situation by the end of 2024.
Furthermore, it was not only at this time that BlackRock criticized the US position on economic measures in the country. At an event in Faria Lima, even more recent and organized by MB, Jay Jacobs, Head of Thematics and Active Equity ETFs at BlackRock criticized fiat currencies and spoke about US inflation.
#BecomeCreator
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