BlackRock CEO, Larry Fink, warns that unless the U.S. government manages its fiscal path, Bitcoin could become an alternative to the dollar.
Fink highlights the risk of the U.S. debt burden, with projections suggesting a permanent deficit and all federal revenue going towards servicing the debt.
The growing pressure on the economy could erode trust in the dollar, causing digital assets like Bitcoin to be viewed as less risky and offer a safer haven from volatility.
Fink emphasizes the role of digital finance and tokenization in the future, calling for a significant overhaul of the existing financial system and the development of a robust regulatory framework.