Robbie Mitchnick, head of digital assets at Blackrock, said Bitcoin is likely to flourish in the recession’s macro environment, contrary to what some analysts think.
“I don’t know if we’ll be recession, but the recession will be a huge catalyst for Bitcoin,” Mitchnick explain In an interview with Yahoo Finance on March 19.
Mickey says Bitcoin (BTC) Catalyzed by increased fiscal spending, accumulation of deficits, lower interest rates and monetary stimulus Often it happens in recession.
“This catalyzes the fear of ordinary social barriers to some extent,” Mickey noted. “Unfortunately, this is also something that may happen in the recession.”
🚨Latest: Robbie Mitchnick, head of global digital assets at BlackRock, said: “If you look at Bitcoin fundamentally in the long run, it does seem to be an asset that should be an asset that is not relevant or even related to certain risk factors that exist.” pic.twitter.com/BC0ZKQF3XB
– Cointelegraph (@Cointelegraph) March 19, 2025
BlackRock executives say the market is “not very calibrated” about Bitcoin and many people still view it As a risky asset.
Risk-expenditure assets such as stocks, commodities and high-yield bonds tend to be affected during times of economic crisis, but Mitchnick said in September that he believes the assets are marked.
“But it’s an opportunity to educate in a market and asset class that is still very nascent.”
Mitchnick said Blackrock has been helping some clients see through some of these contradictory narratives.
He added that some of Blackrock’s more complex long-term Bitcoin accumulator customers view market corrections as buying opportunities without being plagued by that market The current economic headwind.
Meanwhile, researchers from cryptocurrency exchange Coinbase are not optimistic. explain The positive outlook for the first quarter is “apparently misplaced” by both the fear of recession and the recent tariffs.
“Fear of a slowdown or even recession in the U.S. economy has caused a sharp rise in sentiment,” Coinbase Institutional said in its monthly outlook report on March 17.
Related: The biggest risk to the crypto market in 2025: US recession, circular crypto economy
BlackRock plays a key role in the process of consulting coins through its institutions and wealth consulting coins ishares Bitcoin Trust ETF – Which one hold Any Bitcoin investment product has the largest net worth, with a price of $48.7 billion.
Mitchnick is not worried about massive net outflows in most locations Bitcoin exchange trading funds Recently – pointed out that it comes primarily from hedge funds’ relaxation in spot futures arbitrage trading, rather than investors who buy and hold for a long time.
Bitcoin is Current transaction In the past 24 hours, $86,000, up 3.8%.
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