Overview
- BlackRock projects U.S. federal debt will exceed $38 trillion and warns that heavier borrowing increases vulnerability to bond yield spikes and policy frictions between inflation control and debt service.
- The report signals fragility in long‑term Treasuries could push institutions to alternative assets such as bitcoin, with coverage citing roughly $100 billion allocated to BlackRock’s bitcoin ETFs and some analysts forecasting new price highs as a prediction.
- Larry Fink describes tokenization as the next generation of markets, and the report frames it as a modest but meaningful step toward a tokenized financial system.
- Samara Cohen says stablecoins are no longer niche and are emerging as a bridge between traditional finance and digital liquidity.
- BlackRock estimates AI data centers could require up to 20% of current U.S. electricity by 2030 and notes miners are boosting revenue by leasing power and GPU capacity to AI firms.