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.