<ul><li>The rising US debt crisis poses a significant threat to the dollar’s global dominance, potentially boosting Bitcoin’s role as an alternative reserve asset, according to BlackRock CEO Larry Fink.</li><li>Fink warned that by 2030, mandatory spending and debt servicing could consume all federal revenue, pushing the US into a “permanent deficit.” This, he argued, could undermine confidence in the dollar’s position as the world’s primary reserve currency.</li><li>To mitigate these financial risks, Fink emphasized the potential of decentralized finance (DeFi) and asset tokenization in modernizing financial markets. He also highlighted the growing institutional acceptance of Bitcoin.</li><li>Fink stressed that their long-term success hinges on regulatory advancements and urged policymakers to embrace financial modernization. BlackRock has shown commitment to blockchain and digital asset markets through acquisitions and infrastructure investments.</li></ul>

US debt crisis may push Bitcoin as a reserve currency rival, says BlackRock CEO

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