CEO of BlackRock, Larry Fink warns that the dominance of the US dollar is at risk due to rising public debt and deficits. Interest payments reached $952 billion in 2024, and by 2030, government spending along with debt servicing costs could consume all federal revenue.

US public debt has surpassed $35 trillion, primarily due to economic stimulus during Covid and inflation, forcing the Fed to raise interest rates, exacerbating the debt burden.

Fink notes that digital assets are an important innovation but warns that if Bitcoin is seen as a safer option than the dollar, it could weaken the economic power of the US.