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BlackRock CEO Warns: Bitcoin May Overtake U.S. Dollar as Reserve Currency

  • BlackRock CEO, Larry Fink, warns that Bitcoin may challenge the U.S. dollar as the global reserve currency due to the escalating national debt.
  • Fink suggests that if the U.S. fails to address its fiscal path, digital assets like Bitcoin could emerge as viable alternatives to the dollar.
  • The U.S. national debt has exceeded 100% of GDP, and Fink highlights the potential future scenario where all federal revenue goes towards debt servicing by 2030.
  • Fink emphasizes the role of digital finance and asset tokenization, and BlackRock has already launched the iShares Bitcoin Trust, positioning Bitcoin as a potential asset for diversified portfolios.

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