TechFlow news, December 4 — According to CoinDesk, in its latest report, BlackRock, the world's largest asset manager, stated that U.S. federal debt will expand beyond $38 trillion, making the economic environment fragile and rendering traditional hedging tools ineffective, thereby accelerating Wall Street institutions' adoption of cryptocurrency. The report emphasized that increased government borrowing "creates vulnerability to shocks, such as spikes in bond yields related to fiscal concerns or policy tensions between inflation management and debt servicing costs." Samara Cohen, Head of Global Markets Development at BlackRock, said stablecoins are "no longer niche products and are becoming a bridge between traditional finance and digital liquidity." Company CEO Larry Fink described tokenization as the next evolution of financial markets, a trend reflected in BlackRock’s $100 billion Bitcoin ETF allocation, which has become its primary revenue source.
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