BlackRock CEO Larry Fink: "The US Dollar Could Lose Its Reserve Status to #Bitcoin!"
Fink emphasized that especially emerging economies are turning to alternative assets instead of dollarization and that Bitcoin is increasingly seen as a 'safe haven.' In recent years, factors like inflation, high interest rates, and the increasing debt burden of the US have put pressure on the dollar, while Bitcoin's limited supply and decentralized structure stand out.
Can Bitcoin Really Become Reserve Currency?
The term 'digital gold' for Bitcoin is not new, but as major institutional investors and even some governments around the world start holding BTC in their reserves, this narrative is gaining strength in the traditional finance world as well. The launch of Bitcoin ETFs by giant asset management companies like BlackRock indicates that institutional adoption is accelerating.
What Will Be the Future of the Dollar?
Although the US dollar has long been regarded as the cornerstone of global trade and the reserve currency, increasing geopolitical risks and the efforts of BRICS countries to establish alternative reserve systems could change financial balances. Could Fink's warning indicate that this transformation process is accelerating?
Do you think Bitcoin could really become a reserve currency in the future? I look forward to your comments! 👇