{"id":22229,"date":"2025-03-19T17:38:50","date_gmt":"2025-03-19T15:38:50","guid":{"rendered":"https:\/\/forklog.com\/en\/blackrock-sees-potential-recession-as-a-major-catalyst-for-bitcoin\/"},"modified":"2025-03-19T17:38:50","modified_gmt":"2025-03-19T15:38:50","slug":"blackrock-sees-potential-recession-as-a-major-catalyst-for-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blackrock-sees-potential-recession-as-a-major-catalyst-for-bitcoin\/","title":{"rendered":"BlackRock Sees Potential Recession as a &#8220;Major Catalyst&#8221; for Bitcoin"},"content":{"rendered":"<p>A potential recession in the United States could trigger the next bitcoin bull run due to liquidity injections and fiscal measures, according to BlackRock&#8217;s head of digital assets, Robert Mitchnick.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cIf you look at bitcoin fundamentally on a long-term basis, it really seems like an asset that should be uncorrelated or even inversely correlated against certain risk factors that exist,\u201d BlackRock global head of digital assets Robbie Mitchnick. <a href=\"https:\/\/t.co\/9HvuxH30vi\">pic.twitter.com\/9HvuxH30vi<\/a><\/p>\n<p>\u2014 Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1902098936325623874?ref_src=twsrc%5Etfw\">March 18, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the top executive, the supply deficit, decentralization, and independence of the first cryptocurrency will allow it to become a long-term hedging tool during economic stress.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00a0<em>\u201cBitcoin will benefit from increased budget spending, deficit accumulation, and lower interest rates\u2014typical signs of a recession,\u201d<\/em> he stated.<\/p>\n<\/blockquote>\n<p>According to the specialist,<a href=\"https:\/\/forklog.com\/en\/news\/crypto-funds-experience-fifth-consecutive-week-of-outflows\"> the sharp outflow of funds<\/a> from BTC-ETF was caused by<a href=\"https:\/\/forklog.com\/en\/news\/report-institutional-demand-for-bitcoin-overstated\"> the unwinding of arbitrage positions<\/a> by hedge funds.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe main hodlers are still in the game,\u201d<\/em> he explained, citing demand from institutional investors.<\/p>\n<\/blockquote>\n<p>Mitchnick views <a href=\"https:\/\/forklog.com\/en\/news\/trump-establishes-u-s-strategic-bitcoin-reserve\">the initiative to create a strategic bitcoin reserve<\/a> as a signal of support for its uniqueness, although specific government accumulation methods are yet to be determined.<\/p>\n<p>The expert is convinced that many professional investors see the current downturn as an opportunity. Such market participants are optimistic about the long-term role of digital gold as a portfolio hedge against economic instability, concluded the BlackRock representative.<\/p>\n<p>Back in September, Mitchnick<a href=\"https:\/\/forklog.com\/en\/news\/blackrock-executive-describes-bitcoin-as-a-risk-free-asset\"> described<\/a> bitcoin as a risk-free asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A potential recession in the United States could trigger the next bitcoin bull run due to liquidity injections and fiscal measures, according to BlackRock&#8217;s head of digital assets, Robert Mitchnick. \u201cIf you look at bitcoin fundamentally on a long-term basis, it really seems like an asset that should be uncorrelated or even inversely correlated against [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,865,1224,1138],"class_list":["post-22229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blackrock","tag-macroeconomics","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22229"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22228"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}