Key Points
- Rising U.S. fiscal concerns are driving investor demand for alternative stores of value such as bitcoin and gold, Robbie Mitchnick, BlackRock’s head of digital assets, told CNBC in an interview.
- “Debt and deficit levels are a major concern for markets,” he said, noting that when such concerns return to the headlines, they tend to benefit “assets like bitcoin and gold.”
- The CLARITY Act stalled in Congress is “less critical” to bitcoin than it is to the broader crypto industry
