BlackRock digital assets head Robert Mitchnick said Bitcoin’s fundamental investment case is getting stronger as U.S. federal debt has passed $40 trillion and annual interest costs are nearing $1 trillion, according to comments he gave to CNBC. Mitchnick had previously described fiscal deterioration as the single most important fundamental driver for Bitcoin. He also pointed to current market conditions, saying Bitcoin is down about 49% from its October 2025 peak. Even so, he argued that the buyer base in this cycle has shifted, with traditional asset managers, sovereign wealth funds, and pension allocators taking a larger role. The item was cited by Techub News and attributed to CryptoBriefing.
BlackRock digital assets head Robert Mitchnick said in comments to CNBC that Bitcoin’s fundamental investment case is strengthening as U.S. federal debt has exceeded $40 trillion and annual interest payments are approaching $1 trillion.
Mitchnick had previously said that fiscal deterioration is the most important fundamental driver for Bitcoin.
On the market backdrop, he said Bitcoin is down about 49% from its October 2025 high. Even so, Mitchnick said the buyer base in this cycle has shifted toward traditional asset management firms, sovereign wealth funds, and pension allocators.
The report was cited by CryptoBriefing.
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