Could Bitcoin Replace US Dollar? BlackRock CEO Warns of Economic Threat

BlackRock CEO Larry Fink suggests the US dollar’s dominance as the global reserve currency may be under threat. According to Fink, decentralized finance (DeFi) could undermine America’s economic advantage if investors view Bitcoin as a safer asset than the US dollar, particularly due to escalating national debt issues. Fink cites rising national debt and potential for default on the $36.2 trillion in debt as reasons for concern. The increasing demand for Bitcoin as a safe haven against inflation is also cited, especially with discussions regarding potential Bitcoin price surges following the possible expiration of the debt ceiling suspension.