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BlackRock CEO Says U.S. Debt Ceiling Drama Erodes Global Trust in Dollar, Could Boost Bitcoin

Blackrock CEO Laurence Fink has stated that the recent drama surrounding the US debt ceiling has damaged global trust in the US dollar, potentially benefiting Bitcoin. Fink made these comments as US lawmakers passed a bill to lift the $31.4tn debt ceiling on 1 June.

Fink expects at least two more interest rate hikes from the Federal Reserve in the coming months, which could see the price of Bitcoin fall further from its current price.

However, if the Federal Reserve pauses its rate hiking cycle in June, investors can expect to see some positive price action for Bitcoin.

Bitcoin Bitcoin $98,557.42
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