A document written by several executives at asset management giant BlackRock (including Samara Cohen, Chief Investment Officer of ETFs, and Robert Mitchnick, Head of Digital Assets) highlights a growing concern about the spiraling $35 trillion US fiscal deficit. The document attributes this concern to an increasing institutional interest in Bitcoin.

The document states: "Growing concerns both domestically and internationally about the US federal deficit and debt situation are increasing the appeal of potential alternative reserve assets as a hedge against events that could affect the dollar in the future."