🇺🇸 Recession ahead? BlackRock sees Bitcoin as a potential winner

BlackRock's head of digital assets suggests that a U.S. recession could serve as a powerful catalyst for Bitcoin.

“I don’t know if we’ll have a recession or not, but a recession would be a big catalyst for Bitcoin.” Robbie Mitchnick told Yahoo Finance.

According to Mitchnick, Bitcoin benefits from typical economic downturn conditions, such as increased public spending, rising deficits, and lower interest rates. Additionally, it may gain from fears of widespread social unrest.

Mitchnick also noted that the market has yet to fully understand Bitcoin, often treating it as a risk asset.

Atlas21's article. ⬇️

https://atlas21.com/bitcoin-could-thrive-in-a-u-s-recession-blackrock/