BlackRock's Head of Digital Assets, Robbie Mitchnick, stated that U.S. debt and fiscal deficits are once again becoming core market risks, driving some investors toward alternative stores of value like Bitcoin and gold. As of August 18, U.S. federal debt has risen to approximately $40.05 trillion. Mitchnick believes that compared to the ongoing CLARITY Act, fiscal sustainability is more critical to Bitcoin's long-term pricing, while regulatory clarity has a greater impact on other crypto sectors like DeFi. BlackRock previously noted that rising government debt and persistent fiscal deficits could strengthen Bitcoin's long-term positioning as a hedge against fiat currency devaluation. (Cryptopolitan) https://(wublock123.com)/news/blackrock-us-debt-top-40-trillion-bitcoin-fiscal-hedge-67269