TechFlow news — BlackRock CEO Laurence Fink said the recent "circus" surrounding the U.S. debt ceiling has eroded global trust in the dollar, while other analysts predict this could provide some momentum for Bitcoin.
Speaking at Deutsche Bank's Financial Services Conference, Fink stated he expects the Federal Reserve to raise interest rates at least two more times in the coming months and noted there is currently no evidence indicating that overall inflation is declining.
Additionally, many Bitcoin advocates and cryptocurrency investors view Bitcoin as a hedge against inflation and concerns over increasing debt caused by central banks expanding the overall money supply. The U.S. Treasury has indicated June 5 as the deadline for raising the debt ceiling, warning that any delay could lead to the country defaulting on its debt obligations.
Add to Favorites
Share to Social Media
