Larry Fink Warns BTC Could Overtake the US Dollar as Global Reserve Currency

Krutika Adani

Fink Warns

  • BlackRock CEO Larry Fink warns that the US risks losing the dollar’s global reserve status

  • Bitcoin could replace the US dollar as a global reserve currency if the national debt continues to rise

National Debt Crisis

  • US national debt reached 122.3% of GDP in 2023

  • Debt growing at a pace of $4.9 billion per day

Bitcoin as a Safe Haven Asset

  • Bitcoin gaining traction as a hedge against fiat currency risks

  • Major corporations, like Metaplanet and Strategy, increasing Bitcoin holdings

Tokenization

  • Fink supports tokenization as a transformative force in global finance

  • Tokenizing assets could improve market efficiency and reduce delays

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