menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

BlackRock ...
source image

Coindoo

3d

read

0

img
dot

Image Credit: Coindoo

BlackRock CEO Warns U.S. Risks Losing Reserve Currency Status to Bitcoin

  • The head of BlackRock warned that the increasing role of digital assets, like Bitcoin, could challenge the dollar’s global supremacy.
  • BlackRock CEO highlighted the concerning trajectory of the U.S. debt, growing faster than the economy, with interest payments set to surpass $952 billion.
  • While not opposed to digital assets, Fink cautioned that decentralized finance and Bitcoin's increasing appeal as a safer store of value could pose challenges to the dominance of the U.S. dollar.
  • BlackRock's Bitcoin ETF, IBIT, became the largest ETF launch in history, accumulating $50 billion in assets under management, highlighting Bitcoin's long-term potential.

Read Full Article

like

Like

For uninterrupted reading, download the app