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Blackrock CEO’s ‘Dollar’ Warning: Bullish For Bitcoin

source-logo  coingape.com  + 2 more 31 May 2023 19:34, UTC

Crypto Market News: As the US lawmakers look to vote on the much anticipated bill to lift the $31.4 trillion debt ceiling, the United States’ overall macroeconomic scenario continues to look unstable, in the midst of a series of interest rate hikes by the US Federal Reserve and the regional bank crisis. This is besides the global economic distress amid the Ukraine war. In this context, concerns of dedollarization have in recent times emerged, whereas a section of financial market participants began looking at Bitcoin as a safer alternate with high returns in turbulent times.


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