Larry Fink, CEO of BlackRock, suggests that Bitcoin could potentially replace the US dollar as the global reserve currency. This indicates a shift in institutional interest towards cryptocurrencies.
In discussions, Fink noted that Bitcoin serves as a safeguard against currency debasement and economic instability, reflecting a change from his earlier skepticism in 2017.
Market reactions to Fink's comments are mixed; however, Bitcoin's continued market dominance and growing institutional adoption indicate its evolving role in finance.
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