Larry Fink, CEO of BlackRock, has reignited the debate about bitcoin’s role in finance. He sees bitcoin as a form of digital gold rather than a direct replacement for national currencies. Fink suggests that bitcoin’s value stems from its ability to protect against currency devaluation. His reasoning is based on the historical trend of fiat currencies losing purchasing power, exemplified by the U.S. dollar’s 40% decline in real value over just ten years. Fink highlights the significant inflationary pressures experienced across several nations like Turkey, Argentina, Egypt, and Venezuela, where inflation often surpasses double-digit levels. He asserts that bitcoin offers a unique advantage: it allows individuals to shield their savings against this currency erosion, as even a small investment in bitcoin can be protected from high inflation rates. Fink challenges the notion of bitcoin fully replacing national currencies due to its limited utility and distinct characteristics. While he acknowledges the technological advancements behind bitcoin’s success, his perspective underscores the need for a dual-currency system—one for investing and one for saving—in today’s economy.