BlackRock CEO Raises Alarm on Dollar’s Reserve Currency Threat as Bitcoin Growth Accelerates

Larry Fink, Blackrock CEO, has sounded a warning bell about the future of the US dollar’s position as global reserve currency. He believes that digital assets like Bitcoin could challenge this dominance if the US fails to effectively manage its national debt. Fink highlights alarming trends in government spending, which surpasses defense spending and will likely consume all federal revenue by 2030. This raises concerns about America’s economic advantage if investors perceive Bitcoin as a safer alternative to the dollar. Fink emphasizes that he is not opposed to digital assets but sees decentralized finance (DeFi) as offering significant benefits to markets.